This is the 3rd post in a 3-part series. To read the other articles in the series, see the links below: Duty Drawback Simplification – Part 1 Duty Drawback Simplification – Part 2 On February 24, 2018, there will be big changes to the way that Unused...
On February 24, 2018, there will be additional changes to the duty drawback time frames with regard to Record Keeping due to the Trade Facilitation and Trade Enforcement Act of 2015 (i.e. TFTEA) being passed into law. The Current Drawback Time Frame for Record Keeping...
The Trade Facilitation and Trade Enforcement Act of 2015 (i.e. TFTEA) was passed into law, signed by President Barack Obama on February 24, 2016 and will become effective on February 24, 2018. As a result of this New Duty Drawback Law, there will be many regulatory...
Finished Petroleum Derivatives Duty Drawback Duty drawback on finished petroleum derivatives allows for the refund of duties paid on imported merchandise that are classified under specific qualifying tariff numbers. These qualifying tariff numbers are found in...
