CBP Reports $20.6 Billion in IEEPA Refunds as Court Probes $10 Billion Overstatement
Updated
Updated · Forvis Mazars · Jun 2
CBP Reports $20.6 Billion in IEEPA Refunds as Court Probes $10 Billion Overstatement
3 articles · Updated · Forvis Mazars · Jun 2
Summary
$20.6 billion in IEEPA duties plus interest had been certified and sent to Treasury for payment as of May 22, CBP told the court in Euro-Notions Florida.
$85 billion in potential and certified refunds had been accepted for processing through CAPE, with more than 157,000 declarations submitted and about 109,000 passing file validation.
$10 billion of CBP’s earlier refund estimate was overstated because of a data-query error, prompting the court to order the CBP commissioner to appear personally at a later status conference.
The filing lands amid a broader fight over tariff refunds: the Justice Department has said it will appeal a separate ruling that ordered broad IEEPA refunds beyond the importers that sued.