20
Mar
The Current Status of IEEPA Refunds
To quickly recap, the U.S. Supreme Court ruled that IEEPA tariffs were unlawful in late February. As a result, those tariffs stopped being collected, and the U.S. Court of International Trade has since ruled that importers are entitled to refunds.
Shortly after, U.S. Customs and Border Protection (CBP) indicated that its existing systems cannot process the refunds tied to the IEEPA tariffs but would begin building a new mechanism to handle them. The agency recently...