Duty Drawback

Overview:

The emphasis of this course is on how you can claim substantial refunds you didn’t know existed or were available to your company.  This course will begin with an explanation of drawback, which duties and fees are and are not subject to it, the different types of drawback, including Unused, Manufacturing and Rejected Merchandise Drawback, the streamlined procedures for obtaining it, the new uses of electronics for filing and recordkeeping, and ways to obtain accelerated drawback refunds.  The course should be fun.

Why you should Attend: 

With AI and other developments, your job in trade compliance or other corporate departments may be on the line. One way of proving your continuing worth to your employer is to show how easy it is to receive potentially millions in drawback for previously unclaimed refunds of previously paid duties and fees. And you don’t need a separate contract with CBP.  With Drawback Modernization, it is quick, efficient, and profitable for an importer to participate; don’t be caught unawares when the boss attends an industry meeting, finds other businesses are reclaiming millions in US drawback and you are not even aware of the recent changes that enable it.

Areas Covered in the Session:

• Background to Drawback, what it is, how it has evolved
• Unused/Same Condition, Manufacturing and Rejected Merchandise Drawback
• Duties and Fees subject/not subject to drawback
• The change to almost fully electronic drawback
• How to recover by drawback duties and fees paid five years ago
• Accelerated drawback payments
• True career experiences in recovering millions in drawback of duties, fees

Who Will Benefit:

• Those Having Duties in Trade Compliance, Purchasing, Sales, Marketing, Finance