CBP official says new process for tariff refunds could be ready in 45 days
ABC News
Government officials are getting closer to ironing out a refund process for the hundreds of thousands of companies that paid tariffs now deemed illegal
NEW YORK -- Government officials are getting closer to ironing out a refund process for the hundreds of thousands of companies that paid tariffs now deemed illegal.
In a filing with the Court of International Trade on Friday, Brandon Lord, executive director of U.S. Customs and Border Protection’s trade policy and programs directorate, said the CBP is working on a new system that will simplify the process. He said it should be ready in 45 days and require “minimal submission from importers.”
The filing comes after a judge on Wednesday ordered the government to start paying back all importers the illegal tariffs they paid — with interest. Judge Richard Eaton of the U.S. Court of International Trade wrote that “all importers of record’’ were “entitled to benefit’’ from the Supreme Court ruling that struck down sweeping double-digit import taxes President Donald Trump imposed last year under the 1977 International Emergency Economic Powers Act (IEEPA).
Eaton would have to approve the process before it proceeds.
In the filing, Lord said as of March 4, over 330,000 importers have made a total of over 53 million entries with CBP and paid about $166 billion in tariffs that now have to be refunded.
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