Right after tax season ended came something that companies were much happier to do the paperwork on: tariff refunds.
On April 20, importers could start filing for IEEPA (International Emergency Economic Powers Act) tariff refunds, and many of them leapt at the chance. Small and large importers alike have used the new Consolidated Administration and Processing of Entries (CAPE) portal on the US Customs and Border Protection’s centralized system for processing imports and exports (called ACE, or Automated Commercial Environment).
