• Overview of the Existing Drawback Law
• Understanding the New Drawback Law: The problem of "Other" Classifications
• Manufacturing Drawback
• Unused Merchandise Drawback
• NAFTA Drawback Restrictions: Changes coming with NAFTA Renegotiations?
• Processing of Drawback Claims: New Procedures, New Challenges
• Compliance, Reviews, Penalties • Transition of Drawback from ACS to ACE
July 11, 2017. Pricing $350 per attendee! Location: Woodbridge, NJ.
Register here for this Workshop!
Article by Anthony Nogueras, Founder and CEO of Alliance Drawback Services, "Understanding the New Drawback Law: The 'Other' Problem". The primary liberalization of the duty drawback law passed as part of the Trade Facilitation and Enforcement Act of 2015 (TFTEA) involved redefining the substitution provision of the drawback law. While this “game-changer” will increase drawback recovery dramatically, the devil, as the saying goes, is in the details.
Some background: The substitution method allows a drawback claimant to match “commercially interchangeable” or like merchandise within broad time parameters instead of directly tracing an export back to its exact import. The current law and regulatory structure primarily relies upon the part number and quality specifications to determine if an import and export meet the standard of commercial interchangeability. Read the entire Article