Simply Trade

CAPE: How to Actually Do It, with Bonnie Kersch


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šŸŽ§ Hosts
  • Andy Shiles
  • Lalo Solorzano
  • šŸŽ¤ Guest
    • Bonnie Kersch, Founder of Magnolia Global Trade Solutions
    • šŸ“… Published Date

      April 30, 2026

      ā±ļø Episode Length

      ~37 minutes

      šŸ“ Episode Summary

      IEEPA duty refunds are creating a major opportunity—but only for companies that know how to navigate CAPE (Consolidated Administration and Processing of Entries) correctly.

      In this episode of Simply Trade, Andy and Lalo sit down with Bonnie Kersch to break down what CAPE actually means in practice and how importers should be preparing to take advantage of potential refunds.

      This isn’t theoretical.

      The conversation focuses on:

      • What CAPE is designed to do
      • How it applies in the context of IEEPA refunds
      • What importers need to have in place before taking action
      • With guidance tied directly to CBP’s latest direction—including the U.S. Customs and Border Protection IEEPA refund guidance—this episode helps translate policy into real-world execution.

        šŸ”‘ Key Topics Discussed
        • What CAPE (Consolidated Administration and Processing of Entries) actually is
        • How CAPE connects to IEEPA duty refund opportunities
        • Why many companies may not be ready to take advantage of refunds
        • The importance of having accurate entry data and documentation
        • Operational challenges in identifying eligible entries
        • The role of internal processes vs. external partners (brokers, systems)
        • What importers should be doing now to prepare
        • 🧭 CAPE in Practice (From the Episode)
          1. Understand What CAPE Is—and Isn’t

          CAPE is not just a filing mechanism—it’s a structured way to manage and process entries in a consolidated manner.

          šŸ‘‰ Misunderstanding this leads to missed opportunities or incorrect filings.

          2. Identify Potentially Impacted Entries

          To take advantage of IEEPA refunds, companies need visibility into:

          • Historical entries
          • Duty payments
          • Relevant classifications and applicability
          • šŸ‘‰ If your data is fragmented, this becomes a major barrier.

            3. Validate Eligibility for Refunds

            Not every entry will qualify.

            This step requires:

            • Careful review of CBP guidance
            • Alignment with IEEPA applicability
            • Internal validation before submission
            • šŸ“Œ Reference:

              IEEPA Duty Refund Guidance
              https://www.cbp.gov/trade/programs-administration/trade-remedies/ieepa-duty-refunds

              4. Coordinate Across Teams and Partners

              CAPE execution isn’t done in isolation.

              It requires coordination between:

              • Trade compliance teams
              • Brokers
              • Finance
              • Internal data owners
              • šŸ‘‰ Misalignment here can delay or derail the process.

                5. Ensure Documentation & Audit Readiness

                Any refund request will need to stand up to scrutiny.

                šŸ‘‰ This means having:

                • Clear records
                • Supporting documentation
                • A defensible position
                • šŸ’” Key Takeaways
                  • CAPE is an operational process—not just a concept
                  • Execution is what determines success.
                  • Data visibility is critical
                  • If you can’t easily access and analyze your entry data, you’re already behind.
                  • IEEPA refunds present real opportunity—but also risk
                  • Companies need to be deliberate, not reactive.
                  • Preparation matters now
                  • Waiting until deadlines or enforcement increases will limit your options.
                    🚨 Why This Episode Matters

                    IEEPA-related refund opportunities are time-sensitive and complex.

                    Companies that:

                    • Don’t understand CAPE
                    • Don’t have their data organized
                    • Or rely solely on third parties
                    • šŸ‘‰ may miss out entirely—or expose themselves to compliance risk.

                      This episode gives a practical lens on what needs to happen next.

                      šŸ”— Resources & Mentions
                      • U.S. Customs and Border Protection IEEPA Refund Guidance:
                      • https://www.cbp.gov/trade/programs-administration/trade-remedies/ieepa-duty-refunds
                      • Magnolia Global Trade Solutions
                      • šŸ‘ Credits
                        • Hosts: Andy Shiles & Lalo Solorzano
                        • Guest: Bonnie Kersch
                        • Produced by Global Training Center
                        • šŸ”” Subscribe & Follow

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                          • šŸŽ Apple Podcasts: https://podcasts.apple.com/us/podcast/simply-trade/id1640329690?utm_source=SimplyTradePodcast
                          • ā–¶ļø YouTube: https://www.youtube.com/@simplytradepod?utm_source=SimplyTradePodcast
                          • šŸ¤ Connect With Us

                            Ā 

                            • Global Training Center: https://www.linkedin.com/company/global-training-center?utm_source=SimplyTradePodcast
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