Customs duty drawback has long been recognized as a lawful means by which importers may reduce the realized impact of tariff duties on imported items. United States Customs and Border Protection (“CBP ...
If your company imports goods into the United States, you may be sitting on a significant refund you’ve never claimed. Duty drawback — a U.S. government program that refunds up to 99% of import duties ...
Rising tariffs and trade enforcement are reshaping the economics of international e-commerce. For brands importing into the U.S. and shipping globally, duty costs have climbed significantly—especially ...
Caspian, an AI trade advisory and compliance platform, today announced the acquisition of Trade-IQ, a trade advisory firm founded by trade compliance veteran Shannon Bryant. Bryant joins Caspian as ...
CBIC has clarified that drawback under Section 74 and refund under Section 27 cannot be paid in cash where import duty was discharged through Duty Credit Scrips. Eligible amounts must be granted ...
Importers, customs brokers and others are following closely a wide-ranging customs reauthorization bill that looks ready to advance through both the House and Senate in conjunction with trade ...
As Republicans now look to build on the success of President Trump’s tax cuts with a second reconciliation bill, protecting duty drawback should remain a priority for Congress as it aims to grow our ...
Goods moved from SEZs to domestic markets treated as imports; duty drawback applicable on re-exports
Did our AI summary help? The government has clarified that when goods are supplied from SEZ units to the domestic market after paying applicable duties and later re-exported, they will be treated as ...
Americans are not in a good mood this month after cutting big checks to the IRS, thanks to a complicated and unfair tax code. There is a feeling that large corporations and rich individuals know how ...
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