A International Trade Court The US government expects to begin processing tariff refund claims on Monday (April 20), the judge said on Tuesday (April 14), the Wall Street Journal reported. I mentioned Tuesday.
The government confirmed the plan in a closed conference and said it could begin accepting claims for a refund of $127 billion of the $166 billion it collected in tariffs that the Supreme Court later invalidated in February, according to the report.
The judge ordered the government to submit a report by April 28 detailing the progress it has made in processing refund claims, according to the report.
Reuters I mentioned Earlier on Tuesday, the government said in a court filing that it had completed the initial phase of developing a refund system that will provide each importer with one consolidated electronic payment instead of payments per entry.
As of Thursday (April 9), 56,497 importers had completed the process of receiving refunds that collectively totaled $127 billion, according to the report, the government said in a lawsuit.
More than 330,000 importers paid customs duties, according to the report, which cited court documents.
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A bulletin The agency will launch the first phase of a tool called Consolidated Administration and Processing Entries (CAPE) that will streamline court-ordered duty refund requests, the US Customs and Border Protection (CBP) said Friday (April 10).
“CAPE is designed to standardize recoveries of IEEPA (International Emergency Economic Powers Act) duties including interest rather than treating funds on an income-by-entry basis,” the bullet said. “CBP plans to implement CAPE through a phased development approach, adding more functionality in later stages for more complex scenarios. Phase 1 of CAPE is limited to some non-liquidated entries and some entries within 80 days of liquidation.”
The Supreme Court ruled in February that the IEEPA does not allow the president to enforce it Definitions.
The most pressing complication following this ruling concerns the tariffs that have already been collected, because the court has not explicitly decided how to administer the refunds, PYMNTS reported at the time.
In early March, the International Trade Court ordered CBP to begin the refund process Importers Money she collected in tariffs that were later determined to be illegal.
