Duty Drawback and Tax Recovery Services
Charter is the leading provider of duty drawback and tax recovery services in the United States. Charter files claims to US Customs for more duty and tax recoveries than all other U.S. service providers combined. Our legal experience, planning skills, high-level expertise and in-depth experience are simply unmatched by any other global trade service provider. Our services include all matters necessary to establish and run a sophisticated duty drawback program that will maximize duty and tax recoveries, including business review and identification of opportunities, planning and optimization, documentation, claim filing and audit support.
With its unmatched knowledge and experience, Charter ensures that its clients recover all duty drawbacks and the tax recovery to which they are entitled under the law. As the leading customs broker Charter Brokerage has filed more than 90% of the historic eight-digit (8 digit) drawback claims with Customs since 1994.
Charter has duty drawback experts to identify drawback opportunities that are available only in cooperation with suppliers, customers, global trade service providers or others in the supply chain and are often overlooked by other customs brokers.
Charter worked with US Customs and Border Protections (CBP) to draft the language of the new duty drawback law and its several amendments and we participated in the development of the current drawback regulations.
Charter Brokerage Led the Legislative Initiatives That Resulted In:
- the recovery of taxes and fees in addition to duties; and
- the adoption of the eight-digit (8 digit) tariff substitution rule for petroleum and chemical products;
- the drafting and signing of the Trade Facilitation and Trade Enforcement Act 2015 (TFTEA).
Duty drawback is a complex area that contains a vast array of rules, regulations and limitations. As the nation’s leading duty drawback service provider, Charter assists tax recovery clients in maximizing their drawback in a compliant and efficient manner.
Modern Technology For Duty Drawback
Our research revealed that existing drawback software systems common among our industry did not meet the high standards required to serve our clients. As a result, Charter Brokerage saw it necessary to develop a proprietary software solution, which allows flexibility for change and provides clients with transparency.
Hamilton is Charter Brokerage’s sophisticated in-house duty drawback system. We incorporated innovative technology to develop a dynamic drawback module, which our duty drawback experts can use to process complex analytics through all drawback stages. Hamilton can be utilized for both CORE and TFTEA drawback claims with accuracy and efficiency.