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Special Services : Duty Drawback
An exporter can potentially recover 99% of the duty paid for imported merchandise. This process is called duty drawback. The most common form of Drawback is the Same Condition Drawback, covering merchandise that was imported into the United States on which duty was paid and is now re-exported.
Another program available is Manufacturing Drawback. This permits an importer to obtain a refund of 99% of the duty paid on imported components used in the manufacture of finished product that is exported.
Exporters, who have not previously filed Drawback, may be able to retroactively claim for a refund of 99% of the duty paid on goods that were exported up to three years ago. Upon approval from Customs, exporters may enjoy accelerated payment of duty refunds, with refund checks often arriving within weeks of filing.
Krieger Worldwide experts can help you establish a drawback program specifically designed to offer you the best results. Start enjoying the benefits of duty refunds today.
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