FRANKFORT, Ky. — U.S. businesses can now begin applying for tariff refunds after the U.S. Supreme Court struck down federal tariffs imposed under emergency powers.
U.S. Customs and Border Protection (CBP) has launched a new online system allowing companies to request refunds for duties paid under the International Emergency Economic Powers Act (IEEPA).
Following the ruling, the U.S. Court of International Trade directed the federal government to begin issuing refunds.
How the Process Works
Businesses must file claims through CBP’s Consolidated Administration and Processing of Entries (CAPE) portal. Importers of record and authorized customs brokers need to register, submit required documentation, and provide banking details to receive payments.
CBP said refunds could be issued within 60 to 90 days after a claim is approved. However, delays may occur if there are errors or compliance issues.
Not all businesses are eligible to apply immediately. The initial phase only covers certain entries, meaning some companies must wait for later phases.
For step-by-step instructions and eligibility details, businesses can visit CBP’s guidance page.
Impact
Federal filings show that more than 330,000 importers paid an estimated $166 billion in tariffs tied to the policy.
Kentucky’s economy depends heavily on global trade, particularly in manufacturing, logistics, and the bourbon industry, all of which have been affected by tariffs over the past year.
What Comes Next
Officials expect the refund process to take time, potentially several months, as the system expands and additional phases roll out.
Leave a Reply