Waaree Energies Share Price Falls Over 3% as Company Clarifies US Customs Determination

Waaree Energies Limited has issued a clarification regarding recent media reports about the determination made by the US Customs and Border Protection (CBP) in EAPA Consolidated Investigation No. 8163. The company emphasises its adherence to regulatory compliance and transparency, as per the exchange filings. 

US Customs Investigation Findings 

Following a detailed investigation, including an on-site verification of Waaree's manufacturing facility in India, the CBP confirmed that Waaree did not export solar modules to the US that were manufactured using Chinese-origin solar cells.  

Waaree fully cooperated throughout the investigation, and the CBP drew no adverse inference against the company. The request to make an evasion finding covering all of Waaree's imports was declined by the CBP. 

Scope and Legal Rights 

The CBP's determination is limited to a narrow subset of certain historical import entries. Importantly, this determination is not a final adjudication.  

Under applicable US law, Waaree has the right to seek a de novo administrative review and, thereafter, judicial review before the US Court of International Trade. The company is currently evaluating all available legal remedies with its US trade counsel. 

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Commitment to Compliance and Operations 

Waaree remains committed to the highest standards of regulatory compliance, transparency, and governance. The company's US business continues to operate normally, with no impact on ongoing manufacturing, customer deliveries, or commercial operations.  

Waaree will continue to cooperate with the relevant authorities and will provide appropriate updates as and when required in accordance with applicable laws and regulatory requirements. 

Waaree Energies Share Price Performance 

As of June 29, 2026, at 11:05 AM, Waaree Energies share price on NSE was trading at ₹2,892.00, down by 3.90% from the previous closing price. 

Conclusion 

Waaree Energies confirmed that no solar modules with Chinese-origin cells were exported to the US, maintaining compliance with US Customs. The company plans to explore legal options for a review of the determination. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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