U.S. Customs and Border Protection (CBP) has issued a general notice announcing that, effective June 28, 2004, it is concluding its Paperless Drawback Prototype (prototype).
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.
U.S. Customs and Border Protection (CBP) has posted to its Web site its Performance and Annual Report Fiscal Year 2003, which covers federal fiscal year (FY) 2003 (October 1, 2002 - September 30, 2003) with discussion of some subsequent events.
On May 14, 2004, the General Accounting Office (GAO) submitted to the Homeland Security Subcommittees of the House and Senate Appropriations Committees a report entitled "Information Technology - Early Releases of Customs Trade System Operating, but Pattern of Cost and Schedule Problems Needs to be Addressed."
The Journal of Commerce reports that the U.S. may have to drop 27% duties on Canadian lumber shipments after a NAFTA binational panel ruled that the U.S. International Trade Commission's finding that tariffs are needed because Canadian imports push down prices "is not supported by substantial evidence." According to the article, the U.S. has 21 days to redo its figures or end the duties. (JoC dated 04/30/04, www.joc.com.)
On March 4, 2004, the Senate passed its version of H.R. 1047, the "Miscellaneous Trade and Technical Corrections Act of 2003."
On March 4, 2004, the Senate passed its version of H.R. 1047, the "Miscellaneous Trade and Technical Corrections Act of 2003."
On March 4, 2004, the Senate passed its version of H.R. 1047, the "Miscellaneous Trade and Technical Corrections Act of 2003."
On March 4, 2004, the Senate passed its version of H.R. 1047, the "Miscellaneous Trade and Technical Corrections Act of 2003."
U.S. Customs and Border Protection (CBP) issued its first version (dated February 12, 2004) of Frequently Asked Questions (FAQ) concerning its final rule which requires the advance electronic presentation of information pertaining to cargo (sea, air, rail, or truck) prior to its being brought into, or sent from, the U.S.
In George E. Warren Corporation v. U.S., the Court of Appeals for the Federal Circuit (CAFC) upheld an earlier Court of International Trade (CIT) ruling that denied the plaintiff's claim for drawback on Harbor Maintenance Taxes (HMTs) and Environmental Taxes (ETs).