The has slipped sharply on September 26 tumbling more than 5 per cent after the latest Reuters report indicated that US customs officials were investigating whether Waaree Energies “sidestepped US tariffs on Chinese-made cells and panels by labeling them as made in India.”

Waaree Energies: US probes mislabelling concerns

The reports coming out of US and as reported by Reuters and Bloomberg, “US Customs and Border Protection has started a formal investigation of Waaree and Waaree Solar Americas. and imposed interim measures because there is reasonable suspicion the company evaded duties when bringing merchandise into the US.”

Waaree is accused of mislabeling Chinese-origin solar cells as Indian to dodge tariffs that Washington imposes on Chinese solar equipment. The complaint originat

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