What Happened
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.