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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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CBP to Deploy Petroleum Superfund Drawback Updates in ACE in September
July 2, 2024 |Customs

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.

Topics:Customs Broker, Automated Commercial Environment (ACE), Drawback
Customs Facilitation 'Framework' Published; Legislative Timeline Not Estimated
June 10, 2024 |Top News

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.

Topics:Customs Broker, Customs duty, 21st Century Customs Framework, Automated Commercial Environment (ACE), Drawback, Forced Labor
COAC Announces Next Meeting Date, Releases Agenda
June 7, 2024 by Noah Garfinkel|Customs

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.

Topics:321 de minimis, Customs Broker, Entry Type 86 , Customs-Trade Partnership Against Terrorism (CTPAT), Antidumping and Countervailing Duties (AD/CVD), Automated Commercial Environment (ACE), Drawback, Blockchain, Uyghur Forced Labor Prevention Act (UFLPA), Forced Labor