Duty Drawback is Being Simplified!
jlamadeleine • September 13, 2017
Did you hear that Customs is simplifying the duty drawback regulations?
Did you hear that Customs is simplifying the duty drawback regulations? Have you avoided starting a program because it’s too complicated, too frustrating or just too much work?
Effective February 24, 2018, it will be easier and less time consuming to file duty drawback. The new legislation:
- Will rely upon the Harmonized Tariff Schedule Number (HTS number)
- Eliminates the concept of commercial interchangeability entirely
- Includes a provision that allows a claimant to file under the existing law during a one year transition period (until February 23, 2019)
For a free evaluation to determine if your company can share in the $2,000,000 that’s left unclaimed every year, contact us today!
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