Claiming Drawback on Excise Taxes
Duty Drawback is not just for duties paid on imported goods. Are you getting the maximum refund from your drawback program?
Under TFTEA drawback, you can refund additional fees associated with the importation of goods:
- Merchandise Processing Fee (MPF)
- Harbor Maintenance Fee (HMF)
- Oil Spill Tax
- Excise Taxes
What Is an Excise Tax?
Federal excise taxes that are subject to drawback include alcoholic beverages, tobacco products, and other goods.
Claiming Drawback on Excise Tax
Excise taxes are often overlooked because these assessments are not always paid directly to US Customs and Border Protection upon importing goods. However, they are refundable via duty drawback under our clients’ highly compliant drawback programs managed by Charter Brokerage.
Why Charter Brokerage?
Charter led the effort in developing a strategy with the National Association of Manufacturers (NAM) along with other interested parties.
Excise Tax drawback claims need to be filed with the highest level of compliance. To date, Charter brokerage has filed over $420 million in excise tax claims!
Our clients are our focus.
To learn more, contact us at: email@example.com