Investigation Details
- The disclosure pertains to EAPA Consolidated Investigation No. 8163 conducted by U.S. Customs and Border Protection
- The investigation included an on-site verification of Waaree's manufacturing facility in India
- CBP expressly confirmed that Waaree did not export to the United States solar modules manufactured using Chinese-origin solar cells
- The Company fully cooperated throughout the investigation process
- CBP drew no adverse inference against the Company
- CBP declined the petitioner's request to make an evasion finding covering all of Waaree's imports
Scope of Determination
- The determination is limited to a narrow subset of certain historical import entries
- The determination is not a final adjudication under applicable U.S. law
Legal Remedies
- Waaree has the right to seek a de novo administrative review
- Thereafter, judicial review before the U.S. Court of International Trade is available
- The Company is currently evaluating all available legal remedies with its U.S. trade counsel
Operational Impact
- The Company's U.S. business continues to operate normally
- There is no impact on ongoing manufacturing operations
- Customer deliveries continue unaffected
- Commercial operations remain unimpeded
Company Commitment
- Waaree remains committed to the highest standards of regulatory compliance, transparency, and governance
- The Company will continue to cooperate with relevant authorities
- Appropriate updates will be provided as required in accordance with applicable laws and regulatory requirements
Financial Impact
Financial impact not quantified in the disclosure.