While accurate record keeping might seem an obvious goal for companies with an international supply chain, it remains astonishing how many millions of dollars companies forfeit every year in fines and duty drawback due to flawed, missing or improper record keeping....
Tariffs remain the favored tool of international pressure in the Trump Administration, having put several waves of tariffs tallying in the billions into effect these last few months. These sweeping declarations have targeted commodity categories and imports from...
We Collect the Drawback Data…You Get the Refund! Each week I have been writing to you to give you updates about the changes happening within our industry, but this week I will keep it quick. I want to introduce to you our concept of “matching drawback.” JM Rodgers has...
by David Verkaik, VP Drawback Development | August 23, 2018 On March 8, 2018, President Trump imposed additional tariffs on imports of Steel mill products (25%) as well as on Aluminum products (10%). These duties were levied as a result of Presidential Proclamations...
by James Rodgers, CEO | August 22, 2018 The Trade Facilitation and Enforcement Act (TFTEA) went into effect earlier this year and has been a boon to any company that imports or exports as it allows for a much more streamlined process for claiming substitution drawback...
U.S. Customs and Border Protection (CBP) will deploy Core and Trade Facilitation and Trade Enforcement Act (TFTEA) drawback in ACE on February 24, 2018, at which time all Automated Broker Interface (ABI) drawback filings must be filed in ACE and will no longer be...
