Synopsis: Tariff refund of $166 billion lifted Indian textile and seafood stocks as US Supreme Court struck down Trump’s import duties, easing margins for exporters like Apex Frozen, Avanti Feeds, and Gokaldas.
US initiates $166 billion refund process after Supreme Court strikes down import tariffs, Indian textile and seafood stocks jumped on Monday. The gains came after the United States government began repaying $166 billion in import tariffs. A landmark Supreme Court ruling declared those tariffs unconstitutional. Investors moved quickly. They piled into export-linked stocks. The market reaction was sharp and broad.
The US Supreme Court ruled in February 2026 that President Donald Trump had no legal authority to impose the tariffs. The court was clear. Congress not the president controls taxation. That single ruling unravelled years of trade policy. It also opened the door to one of the largest refund exercises in US trade history.
Following that verdict, a judge at the US Court of International Trade ordered US Customs and Border Protection (CBP) to remove the tariffs. The court also directed CBP to return all excess duties. It added that the refunds must include interest. Businesses across the country had long waited for this outcome.
How the refund process works
At 8 p.m. ET on April 20, CBP launched the first phase of a new claims system. It allows importers to formally request repayments. The system operates through CBP’s digital portal, known as the Automated Commercial Environment. A new tool within the portal is called CAPE Consolidated Administration and Processing of Entries.
Companies can now log into the portal and submit refund requests. They must list the specific import entries they want reviewed. Once CBP validates a claim, it recalculates duties without the tariff charges. Refunds are then triggered automatically. CBP says valid claims will generally be paid within 60 to 90 days. Complex cases, however, may take longer.
The scale is unprecedented
The numbers are staggering. Court filings show that more than 330,000 importers paid the disputed duties. The payments covered over 53 million shipments. The total amount collected under the now-invalidated tariffs stands at roughly $166 billion. CBP itself has called the refund volume “unprecedented.” Its existing systems were simply not built for this.
As a result, CBP is rolling out the process in stages. The first phase covers certain unliquidated entries. It also covers entries that fall within 80 days of final accounting. Officials have warned that significant manual processing may be needed. The agency is managing the operation carefully given the sheer size of the task.
What this means for Indian exporters
For Indian companies, the news is a significant positive. Exporters in the seafood and textile sectors sell heavily into the US market. Higher US tariffs had squeezed their margins and clouded their earnings outlook. The reversal of those tariffs therefore improves their competitive position. It also makes their products cheaper and more attractive for American buyers.
Apex Frozen Foods led the gains. The seafood exporter climbed over 3.60% in early trade. Avanti Feeds, another seafood player, rose nearly 6%. On the other hand, textile firms also benefitted. Gokaldas Exports added 5.6%. Welspun Living, a home textiles company, was up 3.5%. Altogether, the refund announcement gave the entire export sector a meaningful lift. The next phase of the CBP claims system is expected to expand access to more importers in the coming weeks.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Avanti Feeds, Gokaldas Exports And Other Stocks Up Nearly 6% After $166B US Tariff Refund appeared first on Trade Brains.