What is Duty Drawback?

First passed by the U.S. Congress in 1789, the duty drawback law found in 19 USC 1313 allows importers to receive refunds on imported duty paid merchandise that is subsequently exported or destroyed. Refunds of import duty through the Customs and Border Protection drawback refund program increases United States export activity by making our exports more price-competitive.

In this webinar, the participants will learn:

1. An overview of the primary statutory and regulatory provisions of the duty drawback tax refund program
2. How the Trade Facilitation and Enforcement Act of 2015 fundamentally changed the drawback regime creating a new opportunity
3. Understanding the process of implementing a drawback program
4. Maximizing drawback recovery and maintaining regulatory compliance