https://www.taxtmi.com/news?id=71178 The Supreme Court held the International Emergency Economic Powers Act did not authorize presidential tariffs, leaving collected import duties unlawful but not prescribing a refund mechanism. Administration of refunds will likely involve the customs agency, specialised trade tribunals and lower courts, utilising or adapting existing duty correction procedures, and is expected to produce prolonged, multi jurisdictional litigation as importers seek recovery while consumers face evidentiary obstacles to claiming pass through losses. en-us Sat, 21 Feb 2026 11:16:04 +0530 Sat, 21 Feb 2026 11:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71178 The Supreme Court held the International Emergency Economic Powers Act did not authorize presidential tariffs, leaving collected import duties unlawful but not prescribing a refund mechanism. Administration of refunds will likely involve the customs agency, specialised trade tribunals and lower courts, utilising or adapting existing duty correction procedures, and is expected to produce prolonged, multi jurisdictional litigation as importers seek recovery while consumers face evidentiary obstacles to claiming pass through losses. News - Sat, 21 Feb 2026 11:16:04 +0530 https://www.taxtmi.com/news?id=71178