New update on ongoing IEEPA refunds litigation in front of the CIT – Court of International Trade.
New update on the IEEPA tariffs, and this time as an Affidavit / Declaration from Brandon Lord, Customs and Border Protection, Executive Director, Trade Programs, Office of Trade. This is from the same “Atmus Filtration, Inc. v. United States” case pending before CIT.
Executive Director Lord states that there are over $166 billion to be refunded across over 53 million customs entries/declarations, which would require over 4 million working hours from CBP to complete. They are currently updating the ACE system to automate refund amount calculations and expect ACE to be ready in 45 days.
Information in section 22 is interesting… out of 330,566 entities (importers), only 21,423 are set up with the electronic payment system ACH. Note to our clients – make sure you are properly set up for electronic payments with CBP. For more information on how to set up CBP ACH payments, please refer to this guide: https://www.cbp.gov/trade/trade-community/automated/automated-systems/gs-automated-systems/ach/signing.
Everything we have advised you so far still stands; you should still consider auditing your entries, monitor your liquidation dates, and ensure you have all the documents on file before the refund process is fully formalized.
If anyone has questions or concerns, please let us know.
