CBP: 78% of IORs Ready for Electronic Refunds; Most Claims to Be Processed Within 45 Days
(Source:international trade today)
CBP said it expects the first phase of its automated refund system for International Emergency Economic Powers Act tariffs to cover about 63% of entries that paid or deposited the duties. That includes unliquidated entries and entries that will still be in the 90-day window when CBP is able to initiate reliquidation.
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