Duty Drawback 2018: New Rules to Simplify Duty Refund Program
Is Your Business Eligible for a Refund on Import Duties and Taxes?
Thursday, June 21, 2018 at 2pm ET
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Thursday, June 21, 2018 2:00PM
Mike Levans, Group Editorial Director, Supply Chain Group, Peerless Media LLC.
John Wilson, Director of Industrial B2B, Purolator International
Ryan Hopp, Director of Consumer B2C, Purolator International
This year an estimated $2 billion owed by the U.S government to eligible businesses will go unclaimed. The funds are available through a U.S. Customs and Border Protection (CBP) initiative called duty drawback, which offers businesses a refund of up to 99 percent of certain import duties and taxes paid on products that are subsequently exported or destroyed.
You’ve never heard of duty drawback? Join the club. Unfamiliarity is a major reason why so many funds go unclaimed, and the complexity of the filing process is another reason.
Join experts from Purolator International for an in-depth look at the “what, why and how” of the drawback process, including:
- The basics – what it is, how it originated, and who is eligible
- Types of duties, taxes and fees eligible for drawback
- Different types/categories of drawback
- The application process
- Deadlines for filing a claim
- 2018 changes to the drawback process, designed to simplify the process and expand eligibility
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