Waaree Energies told US trade officials it wrongly listed some solar shipments from Vietnam and Malaysia as Indian imports between 2021 – 26.

The admission came in the company’s reply to the US International Trade Commission, which is reviewing solar cells and modules from India, Indonesia and Laos.

Waaree described the mistake as unintentional. The company and Mundra Solar argued that fixing the data would push India’s share of US solar imports below 3%, the level at which imports count as negligible.

The commission checked the corrected customs records and found India’s share still sat above that mark.

On 14 October, the commission ruled that imports from the three countries had materially hurt US solar manufacturers. A separate case has run alongside it.

US Customs and Border Protection accused Waaree of dodging import duties through wrong origin declarations and issued an adverse finding on 23 June.

Waaree asked for a fresh review on 5 August, but the agency upheld its ruling in a final administrative decision on 29 October.

Waaree told stock exchanges about that decision on 2 November. It said the ruling covers only a narrow set of historical shipments, and it is weighing a challenge before the US Court of International Trade.

Customs said duties of up to 271.28% could apply to certain modules and cells imported between 2021 and 2026.

The agency also accepted that Waaree held enough non-Chinese cells to cover its US module imports.

The company says that clears it of the charge of shipping modules made with Chinese cells.

The fallout has reached the company’s order book. Waaree has removed more than 3 gigawatts of export contracts from its active orders.

As of 30 September, the order book stood at about ₹59,200 crore, or 25.6 GW.

Domestic Indian orders made up 48.4% and its Texas factories 43.8%.

Direct exports from India fell to 7.8% from 24% the quarter before.

The legal challenge is still under consideration.

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