ACE Drawback and the Harbor Maintenance Tax
Despite unease over Trump’s section 301 tariff disputes between the United States and China, Charter Brokerage is still successfully finding drawback refunds for their clients. Though some companies are hesitant to invest in an overall environment of uncertainty, Charter is ever aware of changing trade policies and still taking advantage of drawback opportunities. The Quarterly Harbor Maintenance Tax (HMT) is one example of how Charter uses their expertise in drawback procedure to stay ahead of other providers. The HMT is designed to pay for harbor maintenance and development. Also known as the Harbor Maintenance Fee (HMF), it is a quarterly assessment on imports, domestic shipments, Foreign Trade Zone admissions (FTZ), and even passengers. Though other drawback service experts have found barriers with claiming drawback on HMT, Charter has been able to leverage their extensive knowledge of duty drawback laws and the industry to allow their clients to claim these additional refunds.