Duty Drawback Import Tax Recovery

Claim refunds you’re legally entitled to — and protect your bottom line — with Duty Drawbacks

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Each year, an estimated $2B in import duty refunds go unclaimed. Only a small portion of duties paid to the government are drawn back. Many companies are unaware they can apply for a refund — or are unsure of how to claim it. However, an effective Duty Drawback program could make the difference between being profitable, or not.

What Should I Know About Duty Drawbacks?

Here are some important aspects of the Duty Drawback program:

  • Imported goods that are later exported as unused or as finished product, as well as merchandise destroyed under Customs supervision is often eligible for drawback.
  • You can be neither the importer, nor the exporter, and be eligible for a Duty Drawback refund. For one example, importers that don’t export can pass on their drawback rights to the exporter, lowering costs for both.
  • Raw materials used to produce exported goods that are of the same HTS classification with domestic materials can also be eligible.

How can I make Duty Drawbacks work for me?

The rules, regulations and limitations for claiming Duty Drawbacks are complex. It can feel overwhelming! Our experts will help you maximize your drawbacks efficiently, while staying in full compliance with the law.

We will help you identify opportunities for drawbacks along your supply chain and in conjunction with your partners. We also help you maintain the documentation needed for filing and audit compliance. When there’s potential for duty, tax, or fee recovery, we ensure you can first identify it, then claim it, and finally, receive payment.

Duty Drawbacks add cash directly to your bottom line. Avoid leaving money on the table by claiming import duty refunds you are legally entitled to. Set up an effective Duty Drawback program today at DB Schenker Trade Solutions!

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