GLOBAL TRAINING CENTER REPRESENTS:
Duty Drawback Webinar
Schedule:
December 3, 2024 – Sign Up
February 12, 2024 – Sign Up
April 30, 2024 – Sign Up
June 12, 2024 – Sign Up
Duty drawback programs include the following methods/types of programs and they are substitution drawback, direct ID drawback, destructions, NAFTA (or now the USMCA) drawback, and retail returns (which is going to become a very big deal with Customs to the point that many service providers decided not to work with any retailers at all because it is a little more difficult.
Frequently, duty drawback goes unclaimed. Learn how to obtain refunds of your refundable duties and how you can make it possible. We also help you understand how to evaluate your program on a high-level basis, in order to estimate the total refundable dollars available. Customs currently allows companies to claim up to 5 years retroactively from the date of importation, which can really add up your available refund dollar amount as long as you have good documentation collection and retention.
What is a Duty Drawback? It is the refund of duties paid on goods imported into the U.S. that are subsequently exported from the U.S. or destroyed in the U.S. Similar to U.S. tax returns, you may claim a duty refund of U.S. duties paid on goods that are imported into the U.S. and then either subsequently exported to another country or destroyed in the U.S.
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