Duty Drawback
3.5 Hour Course
3.5 Hour Course with a 15-min break.
Webinars
$395 (Webcam required)
9:00AM – 12:30PM CT
Inside Duty Drawback Course Agenda
OVERVIEW AND INTRODUCTION
– What is Duty Drawback?
– Who Can Claim It?
KEY CONSIDERATIONS
– Is Drawback Right for My Business?
– Are We Ready?
DRAWBACK PROVISIONS
– Types of Provisions
– Which Drawback Provision is Easiest?
TYPES OF DRAWBACK PRIVILEGES
– One-time waiver of prior notice of intent to export
– Waiver of prior notice of intent to export
– Accelerated payment
– Drawback compliance program
APPLYING FOR DRAWBACK
– What
– Who
– Where
– When
APPLICATION PROCESS
– What to Expect
– Processing
– Steps Taken During Application Review
– Reasons for Denial
DRAWBACK CLAIMS
– Form
– Filing
– Refund of Duties
– Drawback Desk Review
BENEFITS AND RISKS
– Claims
– Refunds (repayment)
– Compliance vs Noncompliance
COMMON CHALLENGES
– Compliance
– Data Management
– Resources
What is a Duty Drawback? It is the refund of duties paid on goods imported into the U.S. that are subsequently exported from the U.S. or destroyed in the U.S. Similar to U.S. tax returns, you may claim a duty refund of U.S. duties paid on goods that are imported into the U.S. and then either subsequently exported to another country or destroyed in the U.S.
Through this webinar, you will learn the basics of a duty drawback program and the reasons why recovering drawbacks can be so beneficial. Within the webinar, we also cover how to maximize your refundable dollar amount by implementing a full duty drawback program in compliance with Customs laws and regulations. Also covered is the structure of the new 301 Tariffs that have been put into place on goods with a country of origin of China or Europe (and TBD for Vietnam) and discuss the different options involved in obtaining refunds of those additional tariffs; on top of the customarily paid duty rate.
Duty drawback is a government refund program, similar to US tax returns, that allows you to gain refunds of US duties paid on goods that are imported into the US and then either subsequently exported to another country or destroyed in the US.
This Duty Drawback training course would be extremely beneficial for anybody that imports and/or exports goods into and out of the US. 301 tariffs (tariffs put on many goods coming from China, Europe, and potentially Vietnam shortly) are available and only refundable through a duty drawback program.
Not even an FTZ qualifies you for refunds of import duties on 301 tariffs. As long as there are US duty-paid goods that entered the commerce of the US and are subsequently exported or destroyed, you can apply to qualify for a full duty drawback program.
If you cancel 30 days in advance of an event, you will receive a fund refund. To read the entire Policy, click here
Learn To Maximize Your Refundable Dollar Amount with the Duty Drawback Program
Duty drawback programs include the following methods/types of programs and they are substitution drawback, direct ID drawback, destructions, NAFTA (or now the USMCA) drawback, and retail returns (which is going to become a very big deal with Customs to the point that many service providers decided not to work with any retailers at all because it is a little more difficult.
Frequently, duty drawback goes unclaimed. Learn how to obtain refunds of your refundable duties and how you can make it possible. We also help you understand how to evaluate your program on a high-level basis, in order to estimate the total refundable dollars available. Customs currently allows companies to claim up to 5 years retroactively from the date of importation, which can really add up your available refund dollar amount as long as you have good documentation collection and retention.
Scheduled Dates
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