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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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Treasury Dept. Regulatory Agenda Mentions Final Rule on Alcohol Excise Tax Refund
October 22, 2018 by Tim Warren|Customs

The Treasury Department published its fall 2018 regulatory agenda for CBP. The agenda includes one new rulemaking involving the Craft Beverage Modernization Act. The agency will try to issue an interim final rule by December this year that "eliminates a restriction pertaining to CBP’s authority to refund excessive duties, taxes, fees, or interest imposed on distilled spirits, wine, and beer," it said.

Topics:Drawback, Forced Labor
CBP's Proposed Treatment of Mixed-Use Drawback Claims Expected to Face Litigation
October 12, 2018 |Customs

CBP's proposed restrictions on claiming substitution drawback under the Trade Facilitation and Trade Enforcement Act on claims made under the old law is expected to face litigation if the rules are finalized, said Dawn Olesky, vice president of drawback operations at STTAS. Olesky spoke on an Oct. 11 webinar hosted by UPS, which owns STTAS. The proposed rules (see 1808020049) don't allow for TFTEA substitution drawback on goods associated with an entry summary that was designated as filed under the previous law.

Topics:Drawback
CIT Sets December Deadline for Final TFTEA Regulations Allowing Calculation of Delayed Claims
October 12, 2018 by Brian Feito|Top News

CBP must issue final regulations on drawback under the Trade Facilitation and Trade Enforcement Act by Dec. 17, 2018, the Court of International Trade said in an Oct. 12 decision. Capping a contentious case brought by a set of customs brokers and importers (see 1803260048), CIT Judge Jane Restani ordered that the final regulations must take effect immediately on Dec. 17, except for certain excise tax drawback provisions that may take effect 60 days later.

Topics:Court of International Trade, Drawback
Court Rules Final TFTEA Drawback Regulations Must Take Effect by Dec. 17
October 12, 2018 |Bulletin

The Court of International Trade said in an Oct. 12 ruling that CBP must file a final rule for drawback under the Trade Facilitation and Trade Enforcement Act with the Office of the Federal Register by Dec. 17. The final rule, except for provisions involving drawback for excise taxes, will be effective when filed, ruled CIT Judge Jane Restani. The excise tax provisions may take effect 60 days after publication.

Topics:Court of International Trade, Drawback
New NAFTA Customs Chapter Includes Section on Brokers
October 1, 2018 |USTR

The customs chapter for the new U.S.-Mexico-Canada Agreement, or revised NAFTA, includes some provisions aimed at customs brokers. Those provisions, included in Article 7.21, stipulate that self-filing must be permitted and that customs broker licensing requirements must be transparent. Also, "no Party shall impose arbitrary limits to the number of ports or locations that a customs broker may operate," it says. "A Party shall allow a licensed customs broker to electronically submit a customs declaration and import documentation to the electronic systems" at "any port at which it is licensed to operate."

Topics:Drawback