PVTIME – On 23 June 2026, US Customs and Border Protection published an Evasion Determination Notice under consolidated EAPA Case 8163, which stemmed from a petition filed by the US Solar Manufacturers Trade Coalition in 2025. The investigation focused on Waaree Energies and its US subsidiary, Waaree Solar Americas, to determine whether the group’s US solar shipments were subject to existing anti-dumping and countervailing duty orders for Vietnamese and Malaysian solar cells.
During the inquiry, CBP imposed interim controls, including halting cargo clearance, extending liquidation periods, and requiring mandatory cash deposits for relevant imports. The final ruling suspended clearance of all the firm’s goods covered by Case 8163 until further official instruction, citing partial historical consignments with inaccurate origin declarations as the sole basis for limited evasion findings. Redacted official documents did not specify which product batches were non-compliant, causing uncertainty in the market. Although Waaree issued a clarifying statement via PV Magazine US, the absence of reassurances regarding financial impact deepened investor caution, resulting in a 4% intraday fall in shares to around INR 2900 last Friday.
Full documentary audits and on-site inspections at Waaree’s Indian production sites yielded largely positive regulatory findings. The CBP confirmed the following four key facts:
All US-bound modules manufactured locally contain no Chinese solar cells.
The business fully complied with all investigative requests.
No adverse factual assumptions were applied to the company.
The petitioner’s bid to label all Waaree US exports as evasion stock was rejected outright. This narrow ruling only applies to a small volume of past shipments, leaving current production schedules, client deliveries, and US commercial operations entirely unaffected.
Waaree confirmed that the CBP determination is not a conclusive judgement and that full legal remedies are accessible under United States trade legislation. The company may request an administrative review and pursue litigation in the United States Court of International Trade if necessary, having retained US trade lawyers specialising in this area of law to assess all remedial options.
Strong financial performance in FY26 provides robust risk mitigation capacity. The firm recorded total revenue of INR 26,537 billion and an after-tax net profit of INR 3,884 billion, leaving it with ample capital reserves to fund legal proceedings and sustain stable global market activity. The company is committed to strict cross-border compliance, transparent disclosure, and ongoing cooperation with all international regulatory bodies. It promises to provide timely public updates that are aligned with statutory reporting standards.
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