CBFANC Educational Series Wednesday, November 14, 2018
Duty Drawback The Changing Drawback Landscape – What Brokers, Importers & Exporters need to know –
Presented by Nancy Hiromoto, Vice President, N.F. Stroth & Associates
Did you know that in 1789 the 1st Congress of the United States passed a law granting Drawback on exports as a way to encourage Foreign Export Sales and U.S. Manufacturing by refunding 99% of duties paid upon export of qualified goods? With 229 years since that auspicious law was put in motion, Drawback has evolved into a very valuable program for the Trade Community.
Join us in learning about the changing Drawback landscape and how new Regulations have modified the overall program. Drawback Checklist:
Are you eligible to file drawback?
Does your company pay duty on imports that are later exported?
Does your company export imported products or similar goods that are domestic or duty free?
Does your company buy imported products from U.S. suppliers that are later exported?
Does your company sell imported products to U.S. customers that export?
Agenda includes:
Fundamentals of Drawback for Manufacturing, Unused and Rejected Merchandise
Timelines involved in Document Preparation & Drawback Reporting
Recordkeeping Requirements for Tracking eligible goods from Inception to Payment
How new Legislation has changed existing Drawback methodology
Guidelines to implement Drawback into your overall Company Structure
