U.S. tariff refund portal for invalidated IEEPA duties is set to open April 20
The Facts
- U.S. Customs and Border Protection's CAPE tariff refund system is scheduled to open on April 20.
- The refund process concerns tariffs imposed under the International Emergency Economic Powers Act (IEEPA) that the Supreme Court struck down in February.
- The refunds are for importers or businesses, not individual consumers, and they are not automatic.
- CAPE stands for Consolidated Administration and Processing of Entries.
- CBP has said the initial phase of the refund process will accept claims for unliquidated tariffs and for tariffs liquidated within the past 80 days.
- CBP has estimated that more than 330,000 importers paid about $166 billion in IEEPA duties across more than 53 million entries.
- The government expects to be able to initially accept refund claims covering about $127 billion in IEEPA duty payments.
Context
Who is eligible to seek these tariff refunds?
The refunds are intended for importers or businesses that paid the affected IEEPA tariffs; they are not available to individual consumers, and companies must file claims rather than receive payments automatically Newsweek,KOAT 7,WBAL.
What is CAPE?
CAPE is CBP's new electronic refund system, short for Consolidated Administration and Processing of Entries, created to let importers submit IEEPA duty refund claims through an online process Newsweek,supplychain247.com,Logistics Management.
Which claims will be handled first?
CBP said it will process refunds in phases, with the first phase covering unliquidated tariffs and tariffs that were liquidated within the previous 80 days TIME,News Directory 3.
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