Additional Refund Processing Underway
According to the Court of International Trade's July 15 order, CBP will be directed to reliquidate with IEEPA refunds certain finally liquidated entries in connection with the anticipated launch of CAPE Phase 3. The order affects approximately 3,700 companies that filed IEEPA-related cases currently before the Court of International Trade.
Importers that have not yet pursued a CIT claim may wish to consult counsel regarding available legal options to preserve potential refund opportunities.
The court also noted ongoing discussions regarding additional CAPE functionality that would allow CBP to process refunds for entries with open protests. At this time, the status and timing of refunds for finally liquidated entries with open protests remain uncertain.
Additionally, Judge Richard Eaton reported that 9,837 approved refunds have not yet been issued because Automated Clearing House (ACH) account information has not been provided by the importer of record or its authorized representative. Importers expecting refunds should confirm that ACH information is on file with CBP to avoid delays in receiving payment.
CBP is scheduled to provide the court with another update on CAPE development and implementation on August 14.
If you have questions regarding your IEEPA refund status or need assistance reviewing your entries, please contact your Deringer representative.
Due to the rapidly changing application and modifications of duty rates, please note that Deringer is not responsible for coordinating the timing of U.S. entry and imposed tariff rates.