Duty Drawback, covered in section 190 of the U.S. Customs regulations, allows the refund of duties paid on imports that are subsequently exported. If this is not the case, determination of the origin and identification of the goods for drawback purposes must still be based on accounting procedures contained in the Appendix to 19 CFR § 181. As two of the oldest duty drawback specialist organizations in the country, Comstock & Theakston, Inc. (Comstock) and C.J. They are therefore key to implementing a successful import tax recovery plan. One way is through Duty Drawback services. We will identify areas of opportunities for Drawback. Our company is known for our expertise in the Section 301 tariffs and finding ways importers can mitigate costs, risk and add to their bottom line. If you do not claim NAFTA exports, then you are able to file substitution drawback. Since the software is proprietary, we have flexibility to make changes as needed, adapt to new regulations, and address issues immediately. Holt & Co., Inc. (Holt) combine to provide a comprehensive and universal approach across multiple industries delivering a higher standard of customer service to navigate the intricacies of the drawback process. Act 1994 for service tax claims. As a company we will continue to work with CBP to ensure any outstanding issues identified in the process of working with ACE are addressed. Alliance Drawback Services, a Licensed Customs broker, specializes in the assessment, implementation, and the management of duty drawback recovery programs. Schedule A Free Eligibility Meeting Similarly, when used in conjunction with other U.S. Duty Recovery opportunities, duty drawback rounds out the optimization of your Customs duty liabilities. Comstock is a full-service duty drawback specialist experienced in designing, implementing and managing duty recovery programs. For more information, please contact the Duty Drawback department at 617.455.3216 or via email at drawback@ftn.fedex.com. A drawback is a refund, in whole or in part, of the customs duties collected upon the importation of materials that are later exported unused or as a finished good. Drawback was established in 1789 to promote U.S. innovation and manufacturing across the global market. Comstock will become your partner in the duty drawback process by helping you get started, making sure your claims are prepared properly, and ensuring your full refund of duties, taxes, and fees paid on imported goods. We offer the duty drawback expertise and experience you need, whether you are filing a claim or establishing a new drawback program. Learn more about duty drawback and catch up on a brief overview of the drawback process below. Duty drawback is a robust, but very underused tariff mitigation tool. So ideally drawback of Customs, Excise and Service tax is available on duties paid on use of goods or services in relation to finished goods which is finally exported out of India. A drawback is a refund, in whole or in part, of the customs duties collected upon the importation of materials that are later exported unused or as a finished good. Our legal experience, planning skills, high-level expertise and in-depth experience are simply unmatched by any other global trade service provider. Supplier will provide Tesla or its agent with U.S. Customs entry data and information that Tesla determines is necessary for Tesla to qualify for duty drawback.Such data shall include information and receipts for duties paid, directly or indirectly, on all Items which are either imported or contain imported parts or components. Our systems are fully computerized and our custom software is programmed to claim 100% of any eligible drawback. Our knowledge and application of statutory and regulatory issues to your drawback program will reduce your risk exposure and increase compliance. Duty Drawback refers to a refund of 99% of the duties or taxes collected on imported merchandise because certain legal or regulatory requirements have been met. Within the larger context of Customs Duty Recovery, we offer Duty Drawback services that help you maximize your potential returns and streamline your recovery processes: For a free quote today for any of our services or to specifically get started on your duty drawback request, call 855.912.0406 or visit our customs consulting services page today! Duty Drawback Basics. Let us help you with your K32 Claim Form! That’s okay… Scarbrough will take care of this for you. The … Comstock will work with you to identify the information that is needed and ensure thorough answers are submitted to Customs in a timely manner, working as the communication link between you and CBP. Check Duty Opportunities. Provide accurate, comprehensive recordkeeping. Part of our role as your drawback specialist is to provide support that extends beyond filing the claim. Under NAFTA, manufacturing drawback falls under the "Lesser of the Two" rule, which means the amount of drawback paid is based on the lesser amount of the customs duties paid on the goods either to the United States or to Canada or Mexico. Duty drawback services form the crux of all trading activities across the border. Duty Savings: Duty drawback can result in millions of dollars in refunds. Drawback is an Exporters right. We submit all claims to CBP in the Automated Commercial Environment (ACE). What is Duty Drawback? Duty Drawback Bonds are required by the CBP to participate in its Accelerated Payment Privilege program. J.M. You may be a candidate for refunds on money paid to U.S. Customs. Duty Drawback Services. And that with the necessary documentation, you can apply for a retroactive refund of any import duties paid going back three years from date of export? For Canadian exports, U.S. Customs and Border Protection requires Revenue Canada form B3 to establish proof of exports. With the proper documentation (a completed certificate of delivery), your domestic suppliers of imported materials can transfer their drawback rights, allowing you to recover 99% of the duty paid when you export products. Comstock is a full-service duty drawback specialist experienced in designing, implementing and managing duty recovery programs. 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