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What is Duty Drawback? Do you currently claim it? If the answer is no, you may be leaving money on the table. Duty drawback allows an organization to obtain a refund for paid Customs duties on imported products or U.S.-manufactured products with imported components that have been exported back out of the United States. Importers can receive up to 99% of their previously paid duties. A shipper can claim drawback up to five retroactive years.
In this training, you will learn:
• What duty drawback is
• How it works
• Do's & Don't's
• When does it make sense?
• Section 232 & Section 301
• and more!