Question 1

How can Amazon sellers reclaim tariff refunds?

Accepted Answer

Amazon sellers can reclaim tariff refunds by registering with the CBP's Claims and Processing Engine (CAPE) and submitting requests for estimated tariffs paid under IEEPA. Import records from 2018-2020 should be reviewed to identify eligible shipments.

Question 2

What is the CAPE portal?

Accepted Answer

The CAPE portal, or Claims and Processing Engine, is a system by U.S. Customs and Border Protection that allows businesses to submit requests for tariff refunds. It processes claims for estimated tariffs, providing a pathway for businesses to reclaim duties paid on imports.

Question 3

Why is it important for Amazon sellers to file for tariff refunds?

Accepted Answer

Filing for tariff refunds is crucial for Amazon sellers as it can significantly enhance cash flow and margins. With $175 billion potentially owed, failing to file means leaving money on the table. This process helps sellers recover funds that can be reinvested into their business.