Your IEEPA Refund Is Coming. Here's Where Things Stand.
The Court of International Trade held a status conference this week on the IEEPA refund process — and for the first time, the full picture is coming into focus. What stood out most: refund eligibility itself is no longer in dispute. The entire conversation has shifted to execution — how CBP gets the money back to more than 330,000 importers.
Here's what CBP reported:
$166 billion in IEEPA duties collected from 330,000+ importers across 53 million entries
$23 billion+ already transmitted to Treasury for payment, expected to reach $40 billion by end of June
16 million+ entries submitted through CAPE with $95 billion currently moving through the process
Two more phases are coming:
Phase 2 (June 29): 3 million entries, $28.7 billion — once live, more than 80% of all IEEPA duties will be eligible for refund through CAPE
Phase 3 (end of July): $11.4 billion in finally liquidated entries, approximately 9% of all duties collected
A few categories still fall outside the current CAPE process — drawback claims, certain reconciliation scenarios, administrative protests, and other specialized entry types — totaling approximately $18.9 billion in potential refunds. No timeline has been provided for these yet.
What Our Customers Should Know:
99% of Elysia & Co’s IEEPA refunds fall into the Phase 1 bucket. We have heard reports of payments beginning to flow again from other importers and are hopeful ours will be coming soon. As soon as we receive any updates we will update you.
Source: Liberty Justice Center, Project TERRA — June 10, 2026
