Your company paid tariffs that the Supreme Court ruled unconstitutional. CBP will eventually refund every dollar — plus statutory interest. Price Ridge purchases your refund claim outright so you get cash today instead of waiting years for the government to process it.
Also known as Chapter 99 tariffs · reciprocal tariffs · fentanyl tariffs · baseline tariffs · emergency tariffs — all IEEPA, all refundable.
The IEEPA tariffs were rarely experienced as a single obvious line item. They were embedded in landed costs, customs broker invoices, freight documentation, and supply chain expenses — often absorbed quietly into cost of goods without ever surfacing at the CFO level.
That means a meaningful share of the 330,000 affected importers of record don't yet know how much they overpaid, or that recovery is even possible.
If your company imported goods from China or other affected countries between 2025 and 2026, your exposure may be buried in:
CBP Entry Summaries (Form CF7501) — the primary record of duties paid per shipment
Customs broker invoices and statements — often line-itemed as "duties" without IEEPA breakout
Freight forwarder landed-cost summaries — tariffs buried in total landed cost calculations
Inventory and COGS records — IEEPA duties capitalized into inventory cost
ACE importer portal — your full import history is accessible if you were the Importer of Record
Historic invoices from suppliers — some invoices show tariff pass-throughs explicitly
The Importer of Record (IOR) is the party legally listed on CBP entry summaries as responsible for filing duties and paying tariffs. The refund belongs to the IOR — not the customs broker, not the freight forwarder, not the supplier. Many businesses used brokers to file on their behalf and don't realize they were still the IOR and the money is legally theirs.
The standard customs rule is a 180-day protest deadline. Many importers were told by their brokers that they missed it and can't file. In the case of IEEPA tariffs, the courts created a specific exception. The 180-day deadline does not apply. Even finally liquidated entries from years ago are potentially eligible. If you gave up because of broker advice about deadlines, your claim is still alive.
Under the court's ruling, the government owes you the principal tariff amount plus statutory interest that continues to accrue while refunds are delayed. Your actual refund value is larger than the total duties you paid. When Price Ridge calculates your claim value, we account for accrued interest — which means the number may be higher than you expect.
The Supreme Court's ruling is final. Every dollar your company paid in IEEPA tariffs — Chapter 99, reciprocal, fentanyl, emergency — is legally recoverable. That's settled law.
What is not settled is when. CBP is building a new refund system called CAPE. Phase 1, when it launches, will cover only unliquidated and recently liquidated entries. Finally liquidated entries have been explicitly pushed to a Phase 2 with no announced timeline.
Even for Phase 1 entries, CBP takes up to 45 days per accepted filing — and the queue already has over 26,000 companies in it, representing 78% of all affected entries. Analysts estimate full disbursement could stretch well into 2028 or beyond.
At a conservative 8% cost of capital, $1.7M today is worth more than $2M received in two years — before factoring in CAPE processing bottlenecks, congressional risk, or Phase 2 uncertainty. If your CFO is discounting future cash flows, the math on selling your claim may already be in your favor.
| 💵 Sell to Price Ridge | ⏳ Wait for CBP | |
|---|---|---|
| When you get paid | At closing | 2026–2028+ |
| Amount received | 75–85¢ on the dollar | 100¢ + interest (eventually) |
| Certainty | Contractual | Subject to CAPE processing, Congress, litigation |
| Internal effort | Minimal — provide docs, sign assignment | Significant — filings, tracking, CBP follow-up |
| Phase 2 risk | None — our problem | Your problem — no timeline |
| Treasury offset risk | None — your claim is sold | Outstanding federal debts deducted before you're paid |
| Congressional risk | None — your claim is already closed | Possible disbursement restrictions given $166B+ at stake |
| Balance sheet impact | Immediate cash | Contingent asset — uncertain timing and value |
CAPE is a new government system processing the largest trade refund in U.S. history. On paper it's digitized and centralized. In practice, claims stall at multiple points — and the government doesn't proactively notify you when yours does.
High claim volume will overwhelm CBP's limited throughput, especially as files move through multiple manual review layers.
CBP trade and processing teams weren't built for a surge event. Federal hiring and training cycles move slowly — the system can't scale overnight.
Misrouted files, missing uploads, inconsistent reviewer decisions, and manual entry errors all extend cycle time — and none of them trigger automatic alerts to you.
Claims can sit in pending status, disappear into internal queues, or move without any outbound signal. Silence doesn't mean progress.
Before CBP pays you, the U.S. Treasury checks your EIN for outstanding federal debts — unpaid taxes, defaulted SBA loans, government liabilities. They deduct those automatically before any funds reach you.
Unliquidated entries that sit past their liquidation date shift into finally liquidated status — moving from Phase 1 to Phase 2. Every month of delay may cost you years of processing time.
CAPE processing delays, queue problems, entry status drift, Treasury offsets — these become our operational exposure, not yours. You receive a contractual payment at closing and your involvement ends there.
In a sworn court declaration, CBP's Executive Director laid out the CAPE architecture and build status. The details are exactly what you'd expect from a government agency building a brand-new system to process the largest trade refund event in U.S. history.
Phase 1 covers only unliquidated and recently liquidated entries. Finally liquidated entries — a large share of all affected imports — are deferred to Phase 2 with no announced processing timeline.
Phase 2 deferred items include:
Compare what Price Ridge would pay you today against the present value of waiting for CBP — accounting for time, cost of capital, and processing uncertainty.
Enter your estimated IEEPA tariff exposure and see the comparison. Include principal only — interest accrual is a separate upside.
Illustrative only. Actual offer subject to claim review and documentation. Does not include statutory interest upside.
Selling your claim to Price Ridge requires minimal effort from your team. We do the heavy lifting on documentation and assignment — you provide the entry data and sign the paperwork.
Fill out the form below with your IEEPA tariff exposure and import profile
Price Ridge reviews your entry data and issues a written purchase offer within 5 business days
We work with your team and customs broker to confirm the claim value and structure the assignment
Assignment executed, payment wired to your account. Your involvement ends here.
If your company is managing cash flow, servicing debt, or investing in growth — a certain payment today is worth more than an uncertain CBP disbursement in 2027 or 2028.
Filing CAPE Declarations, tracking CBP processing, managing stalled queues, responding to agency queries — it all takes internal bandwidth. Selling the claim transfers all of that permanently.
If your IEEPA entries have finalized, you're in Phase 2 territory — no timeline, no certainty. Selling now converts an uncertain future asset into cash in hand.
The Treasury Offset Program automatically deducts outstanding federal liabilities — unpaid taxes, SBA loans, government debts — from your refund before it's disbursed. If you have any federal exposure, your net check may be far smaller than the claim value. Selling eliminates that risk.
Pending CBP claims complicate M&A transactions. Buyers don't want uncertain contingent assets on the books. Selling the claim converts it to closed cash before the deal closes.
A contingent receivable from CBP creates accounting complexity and audit questions. Converting it to a closed transaction with known proceeds simplifies your financials entirely.
CBP will take up to 45 days from its acceptance of a CAPE Declaration to review and liquidate the validated entry summaries... CBP intends to expand CAPE to process finally liquidated entries in a subsequent phase of development.
— Brandon Lord, CBP Executive Director, Trade Programs · Court Declaration, March 31, 2026
Selling a refund claim is a straightforward transaction — but it raises legitimate questions. Here are the ones we hear most.
Not sure if selling is right for you? We also handle the full CBP filing process so you can claim your 100% refund directly — no financing required.
Claim Processing Service →Submit your claim details below. Price Ridge will review your profile and respond within one business day with a preliminary offer indication.
All information is treated as strictly confidential. Submitting does not commit you to any transaction.
Prefer email? Reach us directly at refunds@priceridge.com
Thank you. A member of the Price Ridge team will review your claim profile and reach out within one business day with a preliminary offer indication.