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.
UNUSED | SAME CONDITION MERCHANDISE
Product must be the exact same item that is claimed imports, exported or destroyed.
REJECTED MERCHANDISE
When product is received without consent, is defective, etc… and must be returned to Customs’ custody.
DIRECT IDENTIFICATION
Drawback may be claimed on imported material that is subsequently exported in unused condition. Records must clearly establish the fact that the exported merchandise was the imported merchandise. CBP must be notified of an export shipment prior to export unless a waiver has been established.
SUBSTITUTION
Drawback may be claimed on imported material that is not the exact merchandise that was exported. Substituted merchandise has to match to the same 8-digit classification as the destinated imported merchandise. Records must clearly establish the fact that the exported merchandise is a match to the 8-digit classification of the imported material. CBP must be notified of an export shipment prior to export unless a waiver has been established.
USMCA (formerly NAFTA) ineligible.
Signed in 2016, the Trade Facilitation & Trade Enforcement Act (TFTEA) has been a recent ”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
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