The U.S. government is set to launch an online portal allowing businesses to request refunds for tariffs that the Supreme Court has deemed illegal.The program is aimed at companies, not individuals.U.S. Customs and Border Protection will launch the portal Monday, known as CAPE, or Consolidated Administration and Processing of Entries.The refunds are for roughly $130 billion in collected tariffs. Since the Supreme Court’s February decision, companies have filed thousands of lawsuits with the Court of International Trade seeking refunds.”CAPE will simplify International Emergency Economic Powers Act (IEEPA) duty refund requests made pursuant to court order and in accordance with appropriate statutory authority by providing an electronic pathway to submit valid IEEPA duty refund claims,” the organization wrote on its website.The people who will get money back are the direct importers, or the people who paid those tariffs at the forefront and have the paper trail to prove it. Eligible businesses include companies that paid IEEPA tariffs and customs. According to federal officials, claims will be processed within 60 to 90 days. To learn more about the refund process, click here. The landmark Supreme Court ruling found tariffs that Trump imposed under an emergency powers law were unconstitutional, including the sweeping “reciprocal” tariffs he levied on nearly every other country.The majority found that it is unconstitutional for the president to unilaterally set and change tariffs because taxation power clearly belongs to Congress. “The Framers did not vest any part of the taxing power in the Executive Branch,” Chief Justice John Roberts wrote.In early March, a federal judge in New York ruled that companies that paid tariffs struck down last month by the Supreme Court are due refunds.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 IEEPA.—-The Associated Press contributed to this report.
The U.S. government is set to launch an online portal allowing businesses to request refunds for tariffs that the Supreme Court has deemed illegal.
The program is aimed at companies, not individuals.
U.S. Customs and Border Protection will launch the portal Monday, known as CAPE, or Consolidated Administration and Processing of Entries.
The refunds are for roughly $130 billion in collected tariffs. Since the Supreme Court’s February decision, companies have filed thousands of lawsuits with the Court of International Trade seeking refunds.
“CAPE will simplify International Emergency Economic Powers Act (IEEPA) duty refund requests made pursuant to court order and in accordance with appropriate statutory authority by providing an electronic pathway to submit valid IEEPA duty refund claims,” the organization wrote on its website.
The people who will get money back are the direct importers, or the people who paid those tariffs at the forefront and have the paper trail to prove it. Eligible businesses include companies that paid IEEPA tariffs and customs. According to federal officials, claims will be processed within 60 to 90 days.
To learn more about the refund process, click here.
The landmark Supreme Court ruling found tariffs that Trump imposed under an emergency powers law were unconstitutional, including the sweeping “reciprocal” tariffs he levied on nearly every other country.
The majority found that it is unconstitutional for the president to unilaterally set and change tariffs because taxation power clearly belongs to Congress. “The Framers did not vest any part of the taxing power in the Executive Branch,” Chief Justice John Roberts wrote.
In early March, a federal judge in New York ruled that companies that paid tariffs struck down last month by the Supreme Court are due refunds.
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 IEEPA.
—-
The Associated Press contributed to this report.