Skydo and Intoglo simplify access to tariff refunds owed to exporters under IEEPA by US Customs
Bengaluru, 30 April 2026: Indian exporters impacted by U.S. tariffs imposed under the International Emergency Economic Powers Act (IEEPA) will now have an opportunity to recover duties paid, following recent legal developments in the U.S. Skydo, in partnership with Intoglo, is helping exporters navigate this time-sensitive refund process by identifying eligible shipments, managing filings, and enabling access to US-local accounts to receive refunds directly.
The opportunity follows the U.S. Supreme Court’s February 20, 2026, ruling, in which the Court struck down the tariffs, overturning duties introduced under the Trump administration. As a result, duties paid between August 27, 2025, and February 6, 2026, are now eligible for refund claims, subject to filing requirements.
To operationalise these refunds, U.S. Customs and Border Protection is launching Phase 1 of its Consolidated Administration and Processing of Entries (CAPE) portal on April 20, 2026, which will serve as the official route for claims. U.S. Customs estimates that nearly $166 billion was collected under these tariffs globally, making this a significant refund opportunity for affected businesses.
According to Intoglo, the refund opportunity for Indian exporters alone is estimated at over $150 million, based on duties paid on US-bound shipments during this period. This represents meaningful capital that businesses can recover to improve cash flow, ease margin pressures, and reinvest into operations and growth. For many exporters, especially SMEs, timely access to these funds could provide critical financial relief.
“A significant amount of tariffs paid by Indian exporters is now eligible for refunds but is hard to claim simply because the CAPE system is cumbersome and requires exporters to have a US bank account,” said Srivatsan Sridhar, Co-Founder and CEO of Skydo. “In partnership with Intoglo, and through our RBI-regulated cross-border payments infrastructure, we’re removing that friction and giving exporters a clear way to access these funds through US-local accounts.”
Claiming these refunds requires navigating a new compliance process. Shipments must have been made under Delivered Duty Paid (DDP) terms, where the exporter bore the tariff cost. Refunds are issued only to the entity listed as the Importer of Record (IOR), which may require coordination if a third party was used. Funds are typically credited to a U.S. bank account via ACH, making access to US-local banking infrastructure critical. Processing timelines are typically around 60–90 days after a valid claim is accepted, subject to further review if required.
“We’ve seen a sharp increase in exporters reaching out for guidance on the IEEPA refund process. With guidelines still evolving and multiple versions circulating, it’s been difficult for exporters to navigate with confidence. Importantly, not having a US bank account is not a blocker now. Through our partnership with Skydo, we aim to provide Indian exporters with up-to-date, verified, and actionable guidance on navigating the IEEPA refund process. For many mid- to large exporters, this could mean recovering crores of rupees that can be reinvested directly into their business,” said Sufal Roongta, Co-Founder and CBO of Intoglo.
Many exporters may be navigating a process like this for the first time, where recovering funds depends on filing correctly, coordinating with the Importer of Record, and receiving money into a U.S. account. For example, a mid-sized textile exporter shipping DDP goods to the U.S. may have paid $50,000 in tariffs during the affected period but can only recover it by successfully filing through CAPE and ensuring the funds are routed correctly. Through Skydo and Intoglo, exporters can now navigate this process with greater clarity and confidence.
“Imposed tariffs were never built into the original cost structure; they effectively eroded margins. Recovering them would restore profitability and serve as a key lever for reinvestment in growth and capacity,” said Mayur Khara, MD, Automark Industries. “The U.S. is a key market for us, but tariffs have slowed us down. Getting that money back would help us invest more and grow faster there,” said Suneet Yogesh Bhutta, MD, Vcare Medicines. With Phase 1 of the CAPE system now live within the U.S. Customs ACE portal, eligible exporters can search for “Skydo IEEPA Refunds” to check eligibility and begin their refund claim process.
About Skydo
Skydo is a cross-border payments platform that helps Indian exporters receive international payments. With US-local account infrastructure and automated compliance workflows, Skydo makes it easier to collect global payments. Backed by Elevation Capital and Susquehanna Asia Venture Capital, Skydo serves over 40,000 exporters and enables them to receive payments from 150+ countries.
