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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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Tin-Plated Brass Strips Eligible for TIB Treatment, but Subject to 'Lesser Of' Rule, CBP Says
February 21, 2024 by Noah Garfinkel|Top News

Tin-plated brass strips imported by Cooper Plating and then made into plumbing parts before being exported are eligible for temporary importation under bond under subheading 9813.00.05, CBP said in a recent ruling. However, while they undergo the required processing to qualify for TIB treatment, they are subject to the USMCA "lesser of duty rule" for similar reasons, CBP said.

Topics:Customs duty, Drawback, CBP CROSS Rulings, USMCA
CBP Releases New Guide on Setting Bond Amounts, Updating 1991 Directive
February 13, 2024 by Noah Garfinkel|Top News

CBP released a new guidance document Feb. 12 on how the agency sets bond amounts, replacing the bond directive it issued in 1991 with a new "Guide for the Public" that the agency has said will accompany a revised internal directive on bonds (see 2309150061).

Topics:321 de minimis, Harmonized Tariff Schedule, Entry Type 86 , Customs duty, Automated Commercial Environment (ACE), Drawback, Section 201 Safeguards
CIT Says HTS Subheadings Start With Adjacent Text, Not Unattached Heading, for Drawback Claims
January 30, 2024 by Jacob Kopnick|Top News

The Court of International Trade on Jan. 30 said that for drawback purposes the 10-digit Harmonized Tariff Schedule subheadings should be read starting with their directly adjacent text and not the superior indented text. Judge Claire Kelly said the "plain meaning" of the statute governing substituted unused merchandise drawbacks refers to the "words describing the article adjacent to the 10-digit number."

Topics:Harmonized Tariff Schedule, Customs duty, Court of International Trade, Automated Commercial Environment (ACE), Drawback, CBP CROSS Rulings