New Delhi, Aug 28 (PTI) Officials of the Directorate of Revenue Intelligence have conducted a search at a manufacturing plant owned by an arm of Waaree Energies.
The search proceedings were conducted on Thursday and continued till 6.40 pm, the company said in an exchange filing.
“The Directorate of Revenue Intelligence (DRI) conducted a search at the manufacturing plant of Sangam Solar One Private Limited, a wholly owned subsidiary of situated at village Unn in Navsari, Gujarat,” it said.
The search was related to the classification of certain stainless-steel pipes and tubes imported under the EPCG Scheme and the consequent applicability of Anti-Dumping Duty (ADD) thereon.
The company has already deposited the ADD amount of Rs 2,33,82,930, along
with applicable interest.
In a separate filing, Waaree Energies said the company has secured an order from state-owned SECI for development of solar project, along with with battery storage set up in Maharashtra.
The order is for a 700 MW solar and 700 MW/2,800 MW energy storage solution (ESS) renewable energy power project at Solapur in the state, Waaree Energies said.
The order has been secured through its wholly owned subsidiary Waaree Forever Energies Pvt Ltd (WFEPL). PTI ABI TRB
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