The US Customs and Border Protection announced the launch of its refund-processing platform, allowing over 56,000 registered importers to file claims for more than $166 billion in tariff refunds. This initiative follows a landmark 6-3 Supreme Court ruling on February 20 that struck down former President Donald Trump's import tariffs as unconstitutional. Initially introduced at 10% on Indian exports, tariffs escalated to 25% and then 50% on certain goods before being reduced to 18% earlier this year. The tariffs primarily affected India's textile and apparel exports, which make up 53% of shipments to the US. Stocks of textile companies like Gokaldas Exports and Pearl Global, which suffered due to the tariffs, are now expected to recover as hopes rise for increased demand. However, it is crucial to note that while the refunds amount to nearly $12 billion, they will be claimed by US importers, leaving Indian exporters without a direct claim to these funds. The recovery of these refunds will depend on negotiations between exporters and US importers, particularly for those with stronger bargaining power.