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Canadian Customs Duty Examination
6 Months Ended
Jul. 31, 2023
Canadian Customs Duty Examination [Abstract]  
Canadian Customs Duty Examination

NOTE 12 – CANADIAN CUSTOMS DUTY EXAMINATION

In accordance with a favorable ruling by the Canadian International Trade Tribunal, in fiscal 2023, G-III Canada received a refund from the Canada Border Service Agency (“CBSA”) of CAD$1.5 million ($1.1 million), including interest and net of a dutiable design assist, for amounts paid by G-III Canada to the CBSA between February 1, 2014 and January 31, 2018. G-III Canada has filed adjustment requests with the CBSA for the period from February 1, 2018 to January 31, 2022 to amend declared dutiable values. These amendments are expected to result in a refund of duty and interest from the CBSA of approximately CAD$13.5 million ($10.2 million) plus related interest. These amounts are recorded within other assets, net on the condensed consolidated balance sheets.