US importers of Indian goods could secure refunds totaling approximately $487 million from Trump-era tariffs ruled illegal by the Supreme Court, with the Court of International Trade conducting closed-door settlement conferences like today's to expedite compensation and avert prolonged litigation. This figure, estimated by PwC for duties collected up to October 2025 on $108 billion in exports such as textiles, chemicals, pharmaceuticals, and engineering products, forms part of the broader $175 billion nationwide refund pool now contested. While the Trump administration resists payouts, arguing national security needs, US Customs faces orders to process claims with potential interest, though small importers may struggle with paperwork and fees. Indian exporters won't receive direct cash but stand to gain from normalized trade flows under MFN rates, aiding competitiveness amid ongoing bilateral talks; 55% of shipments already shed the 18-26% reciprocal duties. These confidential sessions aim for 12-18 month resolutions, balancing fiscal pressures on the US Treasury already disbursing trial refunds with importer demands, potentially reshaping India-US economic ties as President Trump pushes new tariff threats. Final amounts hinge on verified claims, but India's slice underscores its export heft in the saga.