Following the Supreme Court's decision to strike down tariffs imposed under the International Emergency Economic Powers Act (IEEPA), the path to refunds remained uncertain, until last Wednesday, when a federal court in New York took a decisive step forward. Judge Richard K. Eaton of the U.S. Court of International Trade ordered that all importers subject to IEEPA duties are entitled to refunds, directing Customs and Border Protection (CBP) to process them the same way it handles routine billing adjustments. That process can take months, but experts say the ruling is unambiguously good news for importers. Many with unliquidated accounts, as well as the hundreds of companies that have filed lawsuits seeking refunds, could be covered. "To me it shouldn't be that difficult other than the volume," said Jason Waite, head of Alston & Bird's international trade practice.

Join us for our members-exclusive webinar on Tuesday, March 17th at 10:30 AM, where our trade counsel Micah Myers will address the recent Supreme Court ruling on IEEPA tariffs, break down the new suite of tariffs coming from the White House, and provide an update on the status of refunds, and what it all means for your business. We encourage all members to attend. Register here.