Duty drawback law
Legislative Initiatives
Charter Brokerage Leads the Advocacy and Legislative Initiatives for the Drawback Industry.
For over 25 years, Charter Brokerage has worked with Customs and Border Protection to draft and implement every expansion of the drawback law. We helped draft the latest law and participated in developing the current drawback regulations and its ACE implementation under TFTEA.
Through Charter’s leadership, over 10 years, the TFTEA legislative initiatives resulted in:
- The expansion of the recovery of taxes and fees in addition to duties for manufacturing drawback.
- The expansion of the eight-digit tariff substitution rule beyond petroleum and its derivatives
- Expanded time periods in which to import, export and file drawback claims.
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 clients in maximizing drawback in the most compliant and efficient manner. Click here to learn more about Charter’s advocacy and industry leadership.
Charter Brokerage
The duty drawback law provides opportunities in nearly every segment of the U.S. economy.
The Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) was enacted on February 24, 2016, when the U.S. president signed Public Law 114-125. This legislation marks the completion of a nearly 10-year effort by Charter Brokerage, along with other members of the trade community and U.S. Customs, to enact the most sweeping enhancement and expansion of the duty-drawback law in our nation’s history.
As one of the original architects of the eight-digit substitution drawback for petroleum products and their derivatives, Charter Brokeragehas been at the forefront of the effort to expand this approach to all U.S. industries. Since Charter has single-handedly filed almost every historic eight-digit duty drawback, Charter’s drawback professionals are experts who have more experience than any other eight-digit drawback services provider.
In nearly every segment of the U.S. economy, TFTEA offers extensive opportunities for refunds on imported goods that are later exported.
Charter Brokerage
Maximizing the law.
- More than 100 years of combined specialized experience in eight-digit drawback
- Our experts have filed more than 90% of the historic eight-digit drawback claims with Customs since 1994
- More than 20 years of expanding client’s duty drawback programs
- Charter Brokerage has the resources necessary to manage large, medium, and small accounts – Charter Brokerage currently files approximately 33% of total duty drawback refunds issued by US Customs.
- Our experts have extensive knowledge of TFTEA and are skilled in maximizing drawback under these recent rules.
