Waaree sells products such as solar modules and inverters. (Image: Waaree Group/ X profile) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Waaree Energies Ltd. share price fell nearly 5% during early trade on Friday after a report said the US is investigating whether India’s largest solar panel maker evaded anti-dumping and countervailing duties on solar cells from China and other Southeast Asian nations.

US Customs and Border Protection has started a formal investigation of Waaree and Waaree Solar Americas Inc. and imposed interim measures, Bloomberg News reported. The authorities suspect Waaree evaded duties when bringing merchandise into the US.

The investigation is being launched in response to an allegation by the American Alliance for Solar Manufacturing Trade C

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