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? More Refunds Under TFTEA drawback, you can refund additional fees associated with the importation …
What is Duty Drawback? Charter Brokerage is the leading duty drawback provider in the United States. Drawback Fundamentals Duty drawback refunds 99% of duties, taxes and fees paid on imported products, if those products, comparable products, or products produced from …
The Canada Border Services Agency announces extensions of timeframes for duty payments as response to COVID-19. The Canada Border Services Agency (CBSA) recently announced that in light of the recent COVID-19 pandemic, the timeframe for the payment of duties and the Goods and Services Tax (GST) has been extended to June 30. Debts due on the Statement of Account (SOA) dated March 25, 2020, and later will now be deferred to June 30, 2020.
The Trump administration and U.S. Customs and Border Protection (CBP) announced a 90-day extension on the payment of certain estimated duties, taxes and fees to help those importers that have suffered significant financial hardship in the wake of the COVID-19 outbreak.
In a recent article for American Shipper, Michael Cerny, chief legal officer for Charter Brokerage, explains how filing for a duty refund with U.S. Customs and Border Protection (CBP) has become more efficient as filers become more familiar with the types of duty drawback and the new requirements for filing claims electronically. “We are seeing drawback for commodities/products where we did not see it before,” said Cerny. “No question that during that first year, issues cropped up with particular validations or data processing that resulted in CBP updating and fixing bugs and filers addressing issues in their own software programs.”.