March 11-14th, 2018 - San Diego, CA
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Article by Anthony Nogueras, Founder and CEO of Alliance Drawback Services
"TFTEA Drawback Update: The Day of Reckoning is Upon Us"
This week we enter the transition period from historical drawback regime to the new era promulgated by the TFTEA (Trade Facilitation and Enforcement Act of 2015 also referred to as the New Drawback Law) which officially becomes operational Saturday, 2/24/18. Alliance staff will begin submitting claims via the new drawback module in ACE on this date. We are hoping for the best, but the more cynical among us fears a complete initial failure of the ACE drawback module once live filing commences on Saturday. In the absence of regulations finalized in time for the new law’s implementation date on 2/24/18, CBP decided to issue temporary interim rulemaking for drawback filers and brokers. The impact on all these monumental changes will vary for each filer based on the applicable legal provision. Alliance's team can assess a claimant's program and develop a filing strategy that compliantly maximizes recovery. Click on the image to get the Interim TFTEA Drawback Claims Guide. Read this entire article and make your comments on our blog at newdrawbacklaw.com