The U.S. Customs and Border Protection (CBP) has opened a new electronic tariff refund platform that will process up to US$127 billion in rebates linked to tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The move follows a ruling by the U.S. Court of International Trade after the Supreme Court rejected the administration’s “Liberation Day” tariff policy earlier this year. The new Customs Declaration Record Integrated Management and Processing System (CAPE) is integrated into the existing ACE customs portal and allows importers to upload up to 9,999 customs declaration numbers in a ...
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