Book a Discovery Call
The Supreme Court invalidated the 2025 IEEPA tariffs. The first refund checks are mailing now. If your business paid IEEPA duties between April 2025 and February 2026, you may be owed back hundreds of thousands — or millions — in duties plus statutory interest. Edge structures the entire recovery: eligibility, filing coordination, financing the wait, and turning the proceeds into capital leverage.
Four things you need to know about how this market opened — and why timing matters.
On February 20, 2026, the Supreme Court ruled 6–3 in V.O.S. Selections that the 2025 IEEPA tariffs were not authorized by statute. CBP halted collection on February 24, 2026. Every importer who paid IEEPA duties on entries between April 5, 2025 and February 24, 2026 now has a claim — with statutory interest accruing daily.
CBP launched the Consolidated Administration and Processing of Entries (CAPE) portal on April 20, 2026. Refunds are being issued in phases. Phase 1 covers certain unliquidated entries and entries within 80 days of liquidation. Phase 2, broader in scope, has not yet been defined — protests may need to be filed in the interim to preserve eligibility.
The federal government's appeal deadline runs through early June 2026. A successful appeal could stay the refund process and significantly delay payments. Section 122 replacement tariffs (10% surcharge) sunset July 24, 2026. The refund market and the broader tariff landscape are both reshaping fast — positioning matters now.
An estimated $166B in IEEPA duties paid by 330,000+ U.S. importers across 53 million entries. Refunds carry statutory interest at 6–7% per annum from the original payment date — meaning the longer claims sit unfiled, the more they grow, but also the more capital is locked up rather than working in your business.
Whether your refund is six figures or eight, Edge structures every stage — from determining what you're owed to making the proceeds work hardest for your balance sheet.
We pull every entry summary your business filed during the IEEPA window and identify exactly what's recoverable — Phase 1 eligible, Phase 2 eligible (file protest now to preserve), or already locked in. You leave the engagement knowing the dollar number, with documentation.
CAPE filings are technical and time-pressured. Edge coordinates the process end-to-end — working alongside your customs broker (or one of our trusted partners), preserving Phase 2 rights via §1514 protests, and ensuring nothing slips through.
Your refund may take 12–24 months to clear, even after Phase 1 acceptance. Edge structures the receivable for monetization — specialty financing against the claim, or sale to capital partners pre-positioned for IEEPA refund acquisitions. Liquidity now, not later.
When the refund arrives, where does it sit on your balance sheet? Edge integrates the proceeds into a coordinated Tax Capital strategy — §168 cost segregation, §41 R&D credits, §179D deductions, §45X advanced manufacturing credits — so the recovery does double-duty for cash flow and tax position.
If your business absorbed tariff costs through working capital lines, factoring, or expensive bridge debt, the refund is a one-time chance to restructure. Edge designs the post-refund capital stack — pay down expensive facilities, restructure covenants, or deploy proceeds into rated structured products.
For sponsors with very large claims, or those holding a portfolio of refund receivables across operating companies, Edge places the position with our network of private credit funds and family offices actively buying IEEPA refund claims as a yield product. Defined exit, defined timeline.
If any of the below describes your business, you almost certainly have an IEEPA refund claim — and Edge can help size and structure it.
Importers of components, raw materials, machinery, or intermediate goods who paid IEEPA duties on production inputs during 2025.
Brands and retailers who imported finished goods, apparel, electronics, housewares, or consumer products subject to IEEPA reciprocal tariffs.
Developers and contractors who imported building materials, fixtures, or equipment for U.S. projects during the tariff window.
Solar, BESS, EV, and renewable fuel developers who imported components — particularly affected because IEEPA tariffs hit critical minerals and supply chains hard.
Pharmaceutical, medical device, and life-science companies who imported active ingredients, reagents, or specialized equipment.
Private-equity portfolio companies whose import-heavy operations distorted hold-period economics during the IEEPA window.
Importer-distributors who absorbed tariffs into wholesale pricing and may now have substantial refunds owed back.
If your IEEPA duties paid exceeded $50,000 across the window, the recovery is large enough to warrant a structured claim review — not a do-it-yourself filing.
30-minute discovery call. We size your potential refund, walk through eligibility, and confirm whether the engagement makes sense for your business.
Your team pulls entry summaries from the IEEPA window. Edge audits, classifies, and calculates exact refund + statutory interest. You receive a documented number.
CAPE filings coordinated with your broker. Phase 2 protests preserved where needed. If you want monetization, we structure the receivable in parallel.
When refunds land — or when financing closes — we integrate the cash into your tax position, capital structure, and broader financial strategy.