The Supreme Court just axed billions in EPA tariffs, meaning a massive refund is heading your way if you paid duties over the last year. But before you start spending that cash, Clearit President Adam Lewis breaks down why the government’s brand new portal and strict “liquidation” rules mean you will be waiting a while to actually see a dime.
Watch the full recording below:
Key Takeaways:
The 365-Day Liquidation Trap: Customs will not process a single refund until your entry is officially closed. This standard liquidation process takes a full year from your import date.
The CAPE Portal Bottleneck: CBP is rolling out a new digital system to handle the claims. But do not expect instant approvals because the actual rview process on the back end is completely manual.
No Trickle Down: Only the Importer of Record gets the refund check. If you bought goods from a wholesaler who passed the tariff cost down to you, that wholesaler keeps the cash.
The Silver Lining: You get more than just your duty back. The government actually owes you interest on the money they held for the past year.
