CUSTOMS DUTY / TARRIF DRAWBACK
Are increased Chinese tariffs affecting your bottom line? Are you re-exporting some of your merchandise to other countries? You may qualify for a refund of up to 99% of duties.
WHAT IS DRAWBACK?
Drawback is the refund of Customs duties, certain Internal Revenue taxes, and certainfees that have been lawfully collected at importation. The refund is administered after the exportation or destruction of either the imported substituted product or article that has been manufactured from the imported/substituted product. Drawback is recognized as the most complex commercial program U.S. Customs and Border Protection (CBP) administers because it involves every aspect of Customs business, including both imports and exports.
DUTY DRAWBACK ENTRIES
We specialize in Drawback and is our primary focus of operation. We strongly believe that through Drawback we can greatly enhance the bottom line of exporters and give them an edge on their competitors.Drawback is a refund of duties on imported merchandise either exported or destroyed. It was first provided for in 19USC 1313 and is administered by U.S. Customs and Border Protection (CBP) under 26 USC 5062. The statutory requirements are Title 19(19CFR Part 191).
Drawback is an Exporters right. According to one estimate there are $2.5 Billion in unclaimed duty Drawback refunds each year. This can reduce your export price since it will be lowered by the recovery of duties.
OUR SERVICES
- Transfer administrative burden internally to us.
- We will identify areas of opportunities for Drawback.
- Help you collect relevant documents and how to archive them for CBP audit.
- We will follow up with CBP to track your refunds.
- We prepare necessary documentation to obtain your eligibility for accelerated payments, after which will be within 6-8 weeks
- We will maximize you refund so that you can also join other companies who are enjoying millions of dollars in refunds
Just remember $150,000 recovered via Draw Back is $150,000 added to your bottom line. Your claim will be TFTEA complaint
ARE YOU ELIGIBLE FOR A CUSTOMS DUTY DRAWBACK?
Answer a few short questions for a free customs evaluation