US Investigating India’s Waaree for Evading Solar Tariffs (3)

The USis investigating whether Waaree Energies Ltd., 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 because there is reasonable suspicion the company evaded duties when bringing merchandise into the US, according to a public notice by the agency obtained by Bloomberg News.

Shares of Waaree Energies fell as much as 7.6%, the most since May, in trading on Friday.

Waaree sells products such as ...