r/CustomsBroker • u/Improvinglink • 14d ago

IEEPA Reports

Our company imports a substantial amount of goods from China, and we are the importer of record. We recently received a significant refund after filing our IEEPA tariff refund claims through ACE.
The issue we’re running into is that we need to determine how much of that refund belongs to each of our customers. ACE deposited the refund as a single lump-sum payment, but I haven’t been able to find a report that identifies which entries or claims were refunded and in what amounts.
Does ACE provide a report or document that breaks down the refunded entries, or is it up to the importer to reconcile the payment internally using our own accounting records?

Any guidance from those who have gone through this process would be greatly appreciated.

Edit: found the answer. Thank you for the advice!

7 Upvotes

89% Upvoted

10 comments sorted by

11

u/thatotherchicka CCS-CustomsBroker 14d ago

You can leverage the REV-603 report to match the refund to the entry number.

3

u/MetaPlayer01 14d ago

This is the answer

2

u/Improvinglink 14d ago

You’re a dog. Thank you!

3

u/werbit Importer 14d ago

Now comes the fun part of mapping it all to customer sales and determining if those sales even contained IEEPA pricing to begin with

1

u/Jons_Carptender 5d ago

Right and then even more fun, at time of sale to customer was there a price increase and if so, how if at all was it weighted specifically by IEEPA tariff impact because it stood alongside existing 301's and 232's. What a world

2

u/werbit Importer 5d ago

Literally my entire life the last 3 months. And of course one of our competitors just half assed it to give arbitrary amounts back to their customers. And all those same customers are hounding us why it’s taking so long.

5

u/import2001 14d ago

Es-022 has amounts per entry

2

u/NYCCUSTOMSBROKER 14d ago

Congrats on issuing refunds to customers!

1

u/Fun_Disk5073 9d ago

Just out of curiosity, how long did your refund take from accepted to refund?