Be prepared before an audit becomes a reality. Trade enforcement is increasing, and Customs expects companies to demonstrate reasonable care through strong compliance programs and well-documented processes. The best time to identify compliance gaps isn’t during an audit – it’s…
Opportunities, Requirements, & Insights
The new duty-drawback law is the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA), which was enacted on February 24, 2016. These updates to the law provide opportunities in several areas of the U.S. economy and should be carefully reviewed by importers, exporters, & manufacturers. We'll dive in and provide a concise breakdown on determining the eligibility of your goods and maximizing the benefits of drawback.
- Understanding drawback and how it applies to manufacturing
- Determining if your business is eligible for drawback benefits
- Applying for drawback and capturing savings