The Economic Times

Directorate of Revenue Intelligence conducts search at Waaree Energies' Sangam Solar One plant

The Directorate of Revenue Intelligence searched Waaree Energies' subsidiary plant in Gujarat. This search concerned imported stainless-steel pipes and tubes under the EPCG Scheme. The matter involved the applicability of Anti-Dumping Duty on these specific imports. Waaree Energies has already paid the required Anti-Dumping Duty and applicable interest. The company stated no further payment is needed and financials remain unaffected.