Five Major Changes in the Drawback Modernization Regulations that Make it Less of a Drawback to Claim Drawback.
Recent changes to Customs’ Drawback Program have earned the participation of formerly skeptical customs compliance managers and individual importers, leading to millions of dollars in refunds for the drawback of import duties, fees, and for some products, taxes. Drawback is the refund, under certain circumstances, of 99 percent of the duties and specified…