Tariff refund system launches as thousands of companies file claims - Reuters
Tariff refund system launches as thousands of companies file claims Reuters
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Notable Quotes
"If there is an entry on that file that does not qualify, it may cause the entire entry to be rejected or that line item might be rejected by Customs."
— Meghann Supino , Executive
"It’s about having a clear process in place and keeping track of what’s been submitted and what’s been paid, so nothing falls through the cracks."
— Nghi Huynh , Executive
"It’s essentially a fast track for processing refunds."
— Michael Lowell , Executive
"Tariffs are not going anywhere. That’s clear."
— Michael Lowell , Executive
"The administration has tools available to it that it is actively using to impose tariffs on certain imports from certain countries."
— Michael Lowell , Executive
"If there is an entry on that file that does not qualify, it may cause the entire entry to be rejected or that line item might be rejected by Customs."
— Meghann Supino , Executive
"It’s about having a clear process in place and keeping track of what’s been submitted and what’s been paid, so nothing falls through the cracks."
— Nghi Huynh , Executive
"I started compiling records and preparing to enter information into the system the minute CPB announced the launch date."
— Brad Jackson , Executive
Key People
Co-founder of After Action Cigars in Rochester, Minnesota.
Former president of the United States known for his aggressive economic policies.
Meghann Supino is a partner at Ice Miller, advising clients on customs regulations.
Michael Lowell is a partner at Reed Smith law firm, specializing in trade and tariffs.
Nghi Huynh is the partner-in-charge of transfer pricing at Armanino accounting firm.
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<a href="https://news.google.com/rss/articles/CBMiqgFBVV95cUxOeG5veDhoeno5SVpkMEhRQkZzVm8wTEs4RV9iZl9zSGs3b3FIYUNSdk5rRVRKMXVIQnZJbWdlV3NSQnV3ZmY1VVZUUVhmMTdmcGp6cmtjTHpZSm5WdC1vM0o0STVfTlJZTjhOS2NwTWhidDFPU1Q4dHNuWlcyVktsbmFjYzdQSy1PT3RWYlRFX3pNeWVkSTIyb1NXVmROd0ZEYS1peFMtbV9Ndw?oc=5" target="_blank">Tariff refund system launches as thousands of companies file claims</a> <font color="#6f6f6f">Reuters</font>
A refund system for businesses that paid ... . Importers and their brokers will be ... .
A new online portal launches Monday allowing U.S. businesses to apply for refunds on tariffs ruled illegal by the Supreme Court. This move, part of the Trump administration's compliance with court orders, aims to reimburse billions in duties and interest paid under the International Emergency Economic Powers Act (IEEPA).
Starting Monday, businesses affected by tariffs imposed by former President Donald Trump—recently ruled unconstitutional—can begin claiming refunds through an online U.S. Customs and Border Protection (CBP) portal. These tariffs, which impacted products from many countries and were justified by Trump under a 1977 emergency powers law, were struck down by the Supreme Court in a 6-3 decision, citing the overreach of presidential authority in setting tax policy.
A refund system for businesses that paid tariffs which the U.S. Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so is scheduled to launch Monday. Importers and their brokers will be able to begin claiming refunds through an online portal ... .
The Trump administration on Monday launched a new system to begin refunding $166 billion in tariffs to U.S. importers after the Supreme Court ruled the levies unlawful earlier this year. The system, known as CAPE, will allow U.S. Customs and Border ... to issue consolidated electronic payments to importers, streamlining what would otherwise be a complex, entry-by-entry refund process.
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