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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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CIT Orders Remand on Duty Drawback in India Carbon Steel AD Review
June 24, 2011 by Barbara Chaves|Penalties and Courts

In the antidumping duty administrative review of certain hot-rolled carbon steel flat products from India for the period December 2005 through November 2006, the International Trade Administration granted an adjustment to U.S. price to Indian producer Essar Steel Limited for import duties which the company claimed were waived under an Indian Government program to encourage exports. However, U.S. producers United States Steel Corporation and Nucor Corporation argued to the Court of International Trade that Essar had failed to prove that it had qualified for the rebate. Conceding it had made erroneous assumptions, the ITA requested a voluntary remand to reconsider the duty drawback adjustment, and the CIT issued remand instructions accordingly. (Slip Op 11-66, dated 06/14/11)

Topics:Court of International Trade, Drawback
U.S. Terminates All 100% Duties in EU Beef Hormone Dispute
May 27, 2011 by Barbara Chaves|Top News

The Office of the U.S. Trade Representative has announced that it is terminating all of the remaining 100% duty rates imposed on certain products of European Union countries as a result of the EU’s failure to comply with the 1999 World Trade Organization rulings in the EU-U.S beef hormones dispute. The USTR states that it is taking this action due to a 2010 court ruling, even though the 100% duty rates had been set to expire in August 2012 under an agreement reached with the EU.

Topics:Customs duty, Drawback, World Trade Organization (WTO)
DHS, CBP, CPSC, and BIS Officials to Speak at AAEI's Annual Conference
May 9, 2011 by Karen Marzullo|Other U.S.

Registration is open for the American Association of Exporters and Importers’ (AAEI) 90th Annual Conference, which will be held on June 5-7, 2011 in New York. Among others, Secretary of Homeland Security Janet Napolitano, Bureau of Industry and Security Undersecretary Eric Hirschhorn, and U.S. Customs and Border Protection Commissioner Alan Bersin are expected to speak at the conference.

Topics:Drawback
CBP Discusses Drawback, Single US-Canada Doc, Trade Input on Rules
May 3, 2011 by Cindy Arevalo|Top News

At the annual U.S. Customs and Border Protection Trade Symposium on April 13, 2011, CBP discussed plans to change the drawback program, develop a single U.S.-Canada export-import document, and gather trade input before it issues a rulemaking. The Commerce Department discussed its efforts to expand exports, and government and association panelists discussed ways the U.S., Canada, and Mexico are working to harmonize regulations.

Topics:Drawback