At the close of April, it looked like the US and China were well on their way to establishing a trade deal that would be mutually beneficial and remove many of the punitive tariffs that had been put in place. But negotiations fell through, with each side pointing...
The “Section 301” duties on imports coming from China have brought big tariff burdens across thousands of businesses, and have been a hot topic for drawback. However, claimants of these may have heard that because these are a new form of duty being implemented, there...
Many importers assume that if they utilize a Foreign Trade Zone (FTZ), duty drawback becomes unnecessary. In reality, both programs can effectively complement each other, maximizing savings and optimizing supply chain efficiency. Both mechanisms provide legal means to...
Last week, due to their court-imposed deadline, CBP released the final Duty Drawback Regulations (Modernized Drawback). These regulations institute the new processes for drawback pursuant to the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA). This was a...
If you work at a business that is contemplating or currently involved in the import of goods to the United States, then you will become unavoidably familiar with the complex system used for classification of your goods for import or export. The United States uses the...
While accurate record keeping might seem an obvious goal for companies with an international supply chain, it remains astonishing how many millions of dollars companies forfeit every year in fines and duty drawback due to flawed, missing or improper record keeping....
