Indian exporters chase US tariff refunds as Supreme Court ruling reopens duty math
Gokaldas Exports, Ceat and Balkrishna Industries are lining up to claim US tariff refunds after the Supreme Court struck down Trump's reciprocal duties. Gokaldas alone gave ₹90 crore in discounts (~2% of FY26 revenue); Balkrishna draws 13% of FY26 sales from the Americas. A federal appeal and pass-back claims from buyers cloud quantum and timing.
Indian exporters including Gokaldas Exports, Ceat and Balkrishna Industries are pursuing US tariff refunds after the US Supreme Court struck down Trump's reciprocal tariffs, though a federal appeal and pass-back questions to suppliers/customers cloud timing and quantum.
Why this matters
Gokaldas Q4 profit slumped 32% to ₹35.96 cr as US tariffs bit margins, while peers pivoted to Europe eyeing a $15B run-rate. A US refund window now offers partial relief on the ₹90 cr discount drag.
Retail-company signals steady at 1,512 over the last 90 days.
Also reported by
- Mint — Same time