Waaree Energies slips after US Customs ruling; company says operations remain unaffected
Mumbai, June 29 -- The company clarified that the CBP investigation did not find that it had exported solar modules made using Chinese-origin solar cells to the United States. It said the determination was limited to a narrow subset of historical import entries and has no impact on its ongoing manufacturing, customer deliveries or commercial operations.
Waaree said the CBP confirmed that the company had fully cooperated throughout the investigation, drew no adverse inference against it and declined the petitioner's request to make an evasion finding covering all of its imports. The company added that the determination is not a final adjudication and that it is evaluating all available legal remedies, including administrative and judicial...
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