India, Feb. 23 -- US Customs and Border Protection (CBP) says will halt collection of duties - deemed illegal by the Supreme Court last week - under International Emergency Economic Powers Act (IEEPA) at 12:01 am EST (0501 GMT) on Tuesday, February 24.

Despite Friday's Supreme Court decision that ruled President Donald Trump's "reciprocal" tariffs are illegal, US importers were still paying duties on goods entering the country as the CBP was yet to update its Cargo System Management Service to remove the duties imposed by Trump under the IEEPA.

"Duties imposed pursuant to IEEPA under the following presidential actions, including all modifications and amendments, will no longer be in effect and will no longer be collected for goods enter...