99% duty refunds with U.S. Duty Drawback - How?

CBP duty relief programs offer some welcomed customs duty relief with a programme called U.S. Duty Drawback. We look at what it is and how it can benefit U.S. companies.

Content

I Introduction to U.S. Duty Drawback

II Benefits of U.S. Duty Drawback

III Challenge of U.S. Duty Drawback

IV Changes in U.S. Duty Drawback

V U.S. Duty Drawback in the Automated Commerical Environment (ACE)

VI Our Recommendation for leveraging the U.S. Duty Drawback advantages

VII Our U.S. Duty Drawback Services

More Information & Links

I Introduction to U.S. Duty Drawback

Duty Drawback is a refund from the U.S. Customs Service for 99% of the duties paid on imported items that are subsequently exported or used in the manufacture of exported goods. This refund is available to you even if someone else did the importing. It’s estimated that over $600 million dollars is recovered annually through the U.S. Duty Drawback program, and companies are paying 20% of those refunds to service providers that help get the refund from the government. U.S. Customs estimates that up to 85% of potential duty drawback is not being claimed each year.