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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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Triennial Status Reports Deployed in ACE, More to Come for Broker Fee Automation in 2022
December 21, 2020 |Customs

CBP recently deployed ACE functionalities for “triennial status report/fee” automation, the agency said in an updated ACE deployment schedule. “Three additional capabilities will deploy in 2022,” it said Dec. 17. “Remaining deployments include Broker License Application with interface to ACE, Broker Permit Application with interface to ACE, and Broker Annual Permit User Fee with interface to ACE.” CBP also revised the expected deployment dates for Real-time Automated Surety Interface and USMCA drawback, according to the change log.

Topics:Drawback, USMCA
CBP Seeks Comment on Drawback Info Collection
October 30, 2020 |Customs

CBP is seeking comments by Dec. 29 on an existing information collection request on drawback forms, it said in a notice Oct. 30. CBP proposes to extend the expiration date of this information collection with no change to the burden hours or to the information collected.

Topics:Drawback