DUTY DRAWBACK
Thursday, June 13th
9:00 a.m. - 11:30 a.m.
This seminar is being offered at no cost but registration is required.
Expeditors, Cleveland
18029 Cleveland Parkway Drive
Cleveland, OH 44135
Presenter
Larry Tobia, Tradewin Principal
Companies that export merchandise from the U.S. may be entitled to participate in the Duty Drawback program. Drawback is the recovery of up to 99% of duties and fees paid on imported materials that are later exported from the U.S. either in the same condition or as a component of a finished article. Customs estimates that billions of dollars in duties and fees that are eligible for drawback recovery go unclaimed each year. This information session is designed to provide you with the tools necessary to assess your drawback eligibility and to decide if a program is right for your company.
Topics to be discussed:
- Manufacturing
- Unused and rejected merchandise
- Audits and record-keeping
- Privilege and ruling application
- Approval process
- Calculating drawback recovery
- "Drawback Simplification Law" highlights
