FAIR TARIFF Act of 2023

This bill refunds additional duties paid by importers on specific EU goods entered during two narrow time periods: October 18-December 17, 2019 (for goods under HTS subheadings 9903.89.10-9903.89.49) and January 12-March 12, 2021 (for goods under HTS subheadings 9903.89.57-9903.89.59). Importers must request refunds within one year of the bill’s enactment, and refunds must be processed within 180 days of a valid request. The bill does not change current tariff rates but provides retroactive relief for duties collected under specific tariff classifications during those periods. It directly affects importers who paid extra duties on covered goods during the defined windows.