CBP issued the following releases on commercial trade and related matters:
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.
CBP issued the following release on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP will on Sept. 17 deploy new ACE functionality to “allow for drawback of Petroleum Superfund taxes,” it said in a July 1 update to its ACE Development and Deployment Schedule. CBP last year said it was unable to process accelerated payment requests for drawback on the superfund taxes, which took effect in 2022 (see 2304210071. The agency also pushed back from June to July the date that it will add broker account access to partner government agency documents via the modernized ACE portal.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
A bipartisan pair in the Senate is in the early stages of writing a trade facilitation bill, which is intended to build on CBP's 21st Century Customs Framework -- an approach that trade professionals felt was too focused on enforcement, and neglected trade facilitation.
The Commercial Customs Operations Advisory Committee (COAC) for CBP will next meet June 26 remotely and in person in Long Beach, California, CBP said in a notice. Comments are due by June 21.
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