MARKET STRUCTURE · REGULATORY · USA
US trade court orders IEEPA tariff refunds
Change
On Wednesday, the US Court of International Trade ordered Customs and Border Protection to issue refunds to all importers of record whose entries were subject to tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
Why Now
Judge Richard Eaton ordered Customs and Border Protection to issue refunds for levies President Donald Trump introduced last year under IEEPA. He wrote that all importers of record whose entries were subject to IEEPA duties are entitled to the benefit from the Supreme Court’s ruling last month. The ruling was issued in a case brought by Atmus Filtration, a Tennessee filtration company. Eaton also said he will be the only judge to hear cases about refunds. The excerpt notes the payment process remains unclear.
Impact
- • CBP is under court order to issue refunds for IEEPA duties.
- • Importers of record with IEEPA-duty entries are entitled to refunds.
- • Refund-related cases are assigned to Judge Richard Eaton.
Who Recalculates
- • Importers of record
- • Customs and Border Protection (CBP)
- • Companies that paid IEEPA duties
- • Trade litigants seeking tariff refunds
Source
Topics
World & Politics Trade & Tariffs Law & Public Safety Court Rulings Regulatory Actions