Skydo, in partnership with Intoglo, is enabling Indian exporters to claim tariff refunds worth over $150 million following recent legal developments in the United States. The initiative comes after tariffs imposed under the International Emergency Economic Powers Act were struck down, opening a time-sensitive window for businesses to recover duties paid.
The opportunity follows a ruling by the Supreme Court of the United States, which invalidated tariffs introduced during the Trump administration. As a result, duties paid between August 27, 2025, and February 6, 2026 are now eligible for refunds, subject to compliance and filing requirements.
To facilitate the refund process, U.S. Customs and Border Protection has launched Phase 1 of its Consolidated Administration and Processing of Entries (CAPE) portal, which serves as the official channel for claims. The agency estimates that approximately $166 billion was collected globally under these tariffs, highlighting the scale of the refund opportunity.
According to Intoglo, Indian exporters alone account for over $150 million in potential refunds. This capital recovery is expected to support improved cash flow, ease margin pressures and enable reinvestment, particularly for small and medium enterprises navigating tight operating conditions.
Commenting on the development, Srivatsan Sridhar, Co-Founder and CEO, Skydo, said, “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. 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.”
The refund process requires shipments to have been made under Delivered Duty Paid (DDP) terms, where exporters bore the tariff cost. Refunds are issued only to the Importer of Record, and funds are typically credited to a US bank account via ACH, making access to US-local banking infrastructure essential. Processing timelines are estimated at 60 to 90 days after a valid claim is accepted.
Sufal Roongta, Co-Founder and CBO, Intoglo, added, “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.”
Industry participants have also highlighted the financial impact of these refunds. Mayur Khara, MD, Automark Industries, said, “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.”
Suneet Yogesh Bhutta, MD, Vcare Medicines, noted, “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.”
With the CAPE system now operational, eligible exporters can begin the refund process, with Skydo and Intoglo providing support across eligibility checks, filings, and fund access, helping businesses navigate a complex but financially significant opportunity.
