CBP said in a recent court filing that about $20.6 billion in certified refunds with interest have been completed through CAPE by that date.
Nearly $85 billion in both potential and certified refunds for invalidated tariffs have been accepted for processing by mid-day May 22 in the portal maintained by US CBP for such payments.
About $20.6 billion in certified refunds with interest have been completed through the portal by that date.
This represents more than half of the $166 billion that CBP estimates was paid for the invalidated tariffs.
The refunds have been transmitted to the Treasury Department for disbursement.
It said 4,185 consolidated refunds were not sent to the Treasury Department because the importer or the company authorised to receive refunds and notices on its behalf had not provided Automated Clearing House account information.
This update represents more than half of the $166 billion that CBP estimates was paid for the invalidated tariffs.
More than 15.85 million entries with tariffs that the Supreme Court ruled illegal in March have been accepted for duty removal through CAPE, CBP said in the filing. More than 8.51 million of the accepted entries have been liquidated or reliquidated without the invalidated tariffs.
Over 3.48 million entries through CAPE have failed entry-level validations, according to CBP.
Importers and customs brokers had sent 157,402 refund files through CAPE as of May 22, with 108,760 of those passing CBP’s initial checks.
The common causes for file-level rejection are importer or filer mismatches, bad entry numbers and CSV files that do not conform to the template published by the Automated Commercial Environment (ACE), CBP’s main electronic system for processing import and export data.
Fibre2Fashion News Desk (DS)
