Indian firms line up for US tariff refunds amid looming legal challenge
New Delhi/Mumbai, June 1 -- Indian exporters across sectors such as tyres, tractors and apparel are scrambling to figure out how they can recover the Trump administration's hiked tariffs on shipments to the US after its top court struck them down as illegal, paving the way to for potentially significant refunds. However, uncertainty over eligibility, timelines and a fresh federal appeal has left them awaiting clarity on the quantum and status of refunds, if at all they come.
While companies, including Ceat, Balkrishna Industries, CNH India and Gokaldas Exports, have expressed hope of recovering some of the duties paid, executives and trade lawyers said the refund process remains complex, with key details yet to be clarified by the US eve...
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