By David Verkaik, VP of Drawback Development, J. M. Rodgers Co., Inc. On September 13, 2021, U.S. Customs and Border Protection released CSMS (Cargo Systems Messaging Service) #49358330, which gave drawback claimants specific instructions concerning the transition to...
This week, U.S. Customs released data detailing how much they’ve collected overall on new duties. Since its implementation in March of 2018, just under $100 billion in tariffs on 301 duties have been brought in. These duties, paid on imports from China and Europe, are...
With all the changes that have come to tariffs and Customs regulations over the last several years, it’s worth every importer asking themselves if they have checked their potential for duty drawback returns lately. Increased duties on huge amounts of products as well...
Over the last few months there has been considerable changes on tariffs coming from all over the world, with the volatility in US trade policy not ceasing despite the change to a new administration. One area that has gone through some changes very recently have been...
Duty drawback has been a boon for importers and exporters for years that has allowed them to claim refunds on tariffs and duties paid on products exported. But more than just duties are eligible to be refunded by a drawback excise taxes are also able to be pursued....
This week Customs put out a message through their Cargo Systems Messaging Service that caused a few of our clients to contact us with some alarm, as the message states that claimants with Accelerated Payment (AP) privileges would not receive their payments via the...