About the Case:
V.O.S. Selections, Inc., is a pivotal US Federal Circuit court judgement delivered on 29 Aug 2025 questioning the scope of presidential authority under the International Emergency Economic Powers Act (IEEPA). The appellate ruling addresses whether reciprocal and trafficking tariffs imposed under emergency powers exceeded statutory and constitutional limits.
The session explores transaction restructuring strategies available to exporters with country-of-origin requirements and possible challenges on customs valuation and transfer pricing. The session also explores unique challenges in application of Section 232 duties on steel and aluminium derivatives.
Key highlights of the webinar:
- Background: Tariff imposed by US Administration
- Case Journey: From the Court of International Trade (CIT) decision to the Federal Circuit appeal
- The Judgment: V.O.S. Selections, Inc. v. Trump
- Implications for India:
- 25% Reciprocal Tariff - Stand or Removed?
- Applicability to Russian Oil Tariff - Possibility of Challenge?
- Are other tariffs like Section 232 duties on Steel/Aluminium tariffs also illegal?
- Possibilities & Challenges to turn the tables!
- Section 232 Tariffs on Steel and Aluminium derivatives. Is there a way out?
- Restructuring opportunities and challenges for Indian exporters.
- Country of Origin requirements for Tariffs.
Why Attend?
- Decode how the case redefines executive vs. congressional power in tariff fight and its implication on other levies.
- Assess global trade implications for businesses and policymakers.
- Learn about emerging compliance and restructuring strategies and litigation risks in trade with the US.
Speaker - V. Lakshmikumaran, Managing Partner, LKS
