DUTY DRAWBACK
Duty drawback is an often-underutilized trade program, don’t leave money on the table –
Drawback is eligible on imported merchandise that was subsequently exported, either as the same merchandise or the same kind & quality using the substitution matching method.
Companies can apply for a refund of up to 99% of Customs duties & taxes for exported or destroyed goods when eligible under duty drawback.
DUTY DRAWBACK
Duty drawback is an often-underutilized trade program, don’t leave money on the table –
Drawback is eligible on imported merchandise that was subsequently exported, either as the same merchandise or the same kind & quality using the substitution matching method.
Companies can apply for a refund of up to 99% of Customs duties & taxes for exported or destroyed goods when eligible under duty drawback.
DISCOVER THE BENEFITS OF DRAWBACK FOR SHIPPERS
Recoup up to
99% of U.S. import
duties & taxes
Reduces the
cost of goods
Promotes U.S.
manufacturing
& exports
Accelerated 30-day
payments for claims with
granted privilege & bond
Allows U.S. companies to
be more competitive in the
global market
DUTY DRAWBACK
Duty drawback is an often-underutilized trade program, don’t leave money on the table –
Drawback is eligible on imported merchandise that was subsequently exported, either as the same merchandise or the same kind & quality using the substitution matching method.
Companies can apply for a refund of up to 99% of Customs duties & taxes for exported or destroyed goods when eligible under duty drawback.
DUTY DRAWBACK
Duty drawback is an often-underutilized trade program, don’t leave money on the table –
Drawback is eligible on imported merchandise that was subsequently exported, either as the same merchandise or the same kind & quality using the substitution matching method.
Companies can apply for a refund of up to 99% of Customs duties & taxes for exported or destroyed goods when eligible under duty drawback.
DISCOVER THE BENEFITS OF DRAWBACK FOR SHIPPERS
Recoup up to
99% of U.S. import
duties & taxes
Reduces the
cost of goods
Promotes U.S.
manufacturing
& exports
Accelerated 30-day
payments for claims with
granted privilege & bond
Allows U.S. companies to
be more competitive in the
global market
types of drawback
MANUFACTURING DRAWBACK
‘Substantial transformation’ of products (e.g. imported fabric made into a t-shirt), including manufacturing of goods, within the United States, of which the finished article is exported or destroyed.
UNUSED MERCHANDISE DRAWBACK
Product cannot be utilized in its intended use upon importation. Certain operations may be performed on articles that qualify under unused merchandise.
REJECTED MERCHANDISE DRAWBACK
Several applications fall under this program, ranging from products that do not conform to specifications to rejected retail merchandise.
DIRECT IDENTIFICATION
Drawback may be claimed on imported material identified by use of approved accounting methods or a unique identifier, such as a SKU number. CBP offers this program for both manufacturing drawback on imported merchandise and unused merchandise drawback.
SUBSTITUTION
Drawback may be claimed on imported material that is not the exact merchandise that was exported. CBP offers substitution drawback for both manufacturing and unused merchandise. Substitution manufacturing allows flexibility in the use of domestically procured components in the manufacture of finished goods. Unused merchandise allows for flexibility with most imported and exported articles that fall within the same 8-digit HTSUS subheading.
The Trade Facilitation & Trade Enforcement Act (TFTEA) has been a
“game-changer” for drawback…
INCREASED CLAIM TIME FRAME FROM 3 TO 5 YEARS
CLAIMS CAN BE FILED FASTER, ELECTRONICALLY
EASED SUBSTITUTION RULES – BIG ADVANTAGE!
WE SPEAK TRADE COMPLIANCE
WE SPEAK TRADE COMPLIANCE
