On Tuesday, shares of Indian shrimp and textile companies experienced a significant boost, rallying up to 7% as the U.S. Customs and Border Protection began processing tariff refunds following a U.S. Supreme Court ruling. The court's 6-3 decision on February 20 declared former President Donald Trump's tariffs unconstitutional, allowing over 56,000 registered importers to file claims for a portion of $127 billion in refunds. This decision comes after a series of tariff increases that began with 10% tariffs on April 2, 2022, which escalated to 25% and then 50% on certain imports. The ruling has brought renewed hope for recovery in demand for Indian exports, particularly in textiles and shrimp, which account for a substantial part of India's shipments to the U.S. Notably, while companies like Gokaldas Exports and Avanti Feeds saw their stocks rise, it is important to note that the refunds will be issued to American clients, not directly to Indian exporters.