Waaree Energies Limited on Sunday sought to allay concerns around a recent U.S. trade probe, saying American customs authorities found no evidence that it exported solar modules made with Chinese-origin cells to the United States.
In a media statement, the company said the U.S. Customs and Border Protection (CBP), after a detailed investigation that included an on-site verification of Waaree’s manufacturing facility in India, confirmed that the company fully cooperated with the process and that no adverse inference was drawn against it. CBP also declined a petitioner’s request to make an evasion finding covering all of Waaree’s imports.
Waaree said the determination pertained only to a narrow set of certain historical import entries and did not amount to a final adjudication. Under U.S. law, the company retains the right to seek a de novo administrative review and, if required, judicial review before the U.S. Court of International Trade.
“The Company is currently evaluating all available legal remedies with its U.S. trade counsel,” the company said.
The company emphasised that its U.S. business continues to operate normally, and there is no impact on ongoing manufacturing, customer deliveries, or commercial operations.
