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Drawback

A duty drawback is a refund by CBP of the duties, taxes, or fees paid on imported goods, which were imposed upon importation. More broadly, a drawback also includes the refund or remission of other excise taxes pursuant to other provisions of law. CBP's duty drawback scheme under the Customs Act of 1962 allows exporters to receive a refund on customs duties they paid on imported products that are then used or incorporated into other products for export or remain unused until importation.

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Customs Brokers Getting Lots of Questions About How to Mitigate or Avoid Section 301 Duties, Muoio Says
November 8, 2018 by Mara Lee|Top News

NEW YORK -- Clients are asking "how can I make a bad situation better," said Mary Jo Muoio, senior vice president for trade services for Geodis, a customs broker firm. Muoio, who was speaking on a panel on "Tackling the Trade War: Solutions for Companies Across the Supply Chain" at the Apparel Importers Trade and Transportation Conference, said some of those client questions and plans are not sophisticated. She quoted one client who asked: "If I send it to Taiwan and label it Taiwan, does it get me out of the 301?" She quipped, "Well, it gets you in jail."

Topics:Customs duty, Drawback
De Minimis, Continued Section 232 Tariffs Among USMCA Concerns Raised by USTR Advisory Groups
November 7, 2018 by Tim Warren|Top News

The de minimis footnote within the U.S.-Mexico-Canada Agreement is cause for "serious concerns" for the Customs Matters and Trade Facilitation Industry Trade Advisory Committee (ITAC 12), the committee said in an addendum to its report on the trade deal. The addendum, which is dated Oct. 24 but was released by the Office of the U.S. Trade Representative this week, is among multiple reports updated after Canada agreed to join the deal between the U.S. and Mexico. While the main advisory committee offered some light criticism in its support of the deal (see 1811060023), individual ITACs included some more pointed concerns.

Topics:U.S. Trade Representative (USTR), Customs duty, Drawback, Section 232 Tariffs, USMCA, Forced Labor , Reciprocal tariffs
TFTEA Drawback Final Rule Now Under OMB Review
November 2, 2018 |Customs

CBP’s final regulations on new procedures for drawback under the Trade Facilitation and Trade Enforcement Act are now at the Office of Information and Regulatory Affairs for review, according to the Office of Management and Budget website. CBP is required to issue the final rule by Dec. 17 as a result of a Court of International Trade decision on the regulations (see 1810120055). A CBP lawyer earlier this week said CBP and the Treasury Department recently finished a review of the comments (see 1810310030). A proposed rule on copyright protections for imported goods to be implemented under TFTEA is also under OIRA review, according to another notice.

Topics:Drawback
CBP, Treasury Working on Final TFTEA Drawback to Meet December Deadline
October 31, 2018 by Tim Warren|Top News

Final regulations on drawback under the Trade Facilitation and Trade Enforcement Act are now being developed to meet the court-ordered Dec. 18 deadline for those rules (see 1810120055), said Emily Simon, a lawyer with CBP who spoke during an Oct. 31 conference call about drawback. CBP received comments on its proposed rules in September (see 1809190005). "We have indeed reviewed those in depth as part of the adjudication process" and CBP and Treasury have been "working extensively to prepare that final rule, which is in process right now," Simon said.

Topics:Drawback