Duty Drawback: Getting Back What's Yours

Duty Drawback: Getting back what’s yours

Dawn Olesky, Sandler & Travis Trade Advisory

Services“Drawback programs

provide importers

and exporters the

opportunity to

reduce

manufacturing costs

and increase profit

and should be taken

advantage of.”

Looking to increase your profitability?

Increase global sales?

Reduce your manufacturing cost?

STOP whatever you are doing and ask yourself these three simple questions:

1. Do you import merchandise that is ultimately exported in the same condition?

2. Do you use imported articles to produce or manufacture your products for export?

3. Are you paying import duty on goods which eventually get exported?

You may be entitled to a Duty Drawback Refund

Drawback is a 99% refund of import duties, taxes and fees paid based upon an export.

Which means you can add hundreds (or even thousands of dollars) to your bottom line all from duty savings.

YES to any of these questions and...

Subject to drawback:o Ordinary customs

dutieso Duty on assists o Marking dutieso Voluntary tenderso 1592(d) dutieso IRS taxeso Merchandise

Processing Fees o Harbor Maintenance

Fees

5 primary types of drawback

1. unused

2. same condition

3. manufacturing

4. rejected merchandise

5. destroyed merchandise

MANY companies are eligible for a drawback refund.

Drawback can be claimed by

any importer, manufacturer or exporter

as long as the proper authorization and documentation is filed in a timely manner with U.S. Customs and Border Protection (CBP).

Claiming drawback or even starting the process of a drawback program can often be intimidating to

companies.

Importers and exporters can breathe a sigh of relief…

Sandler & Travis Trade Advisory Services (STTAS)

is a leading provider of drawback services with a dedicated drawback staff that will help your

company get back what’s theirs.

STTAS has an existing staff of more than 200 professionals For any type of special project.

Provide full-service project management as well as drawback consulting.

We can estimate your company’s drawback potential and develop and implement a customized program, tailored to suit your company’s needs and maximize your refund.

We’ll obtain the required import and export documentation from third parties needed to file drawback claims and prepare and file claims with U.S. Customs. As an added bonus, companies pursuing a drawback program with STTAS won’t incur any out of pocket expenses, as STTAS will not invoice for drawback services until the client receives their refund check from CBP.

If you already have an active drawback program,

STTAS can perform a comprehensive drawback

assessment to identify strengths and weakness in your

current program and help identify additional drawback

potential.

About Sandler & Travis Trade Advisory Services

STTAS is an international trade and customs consulting and managed services firm specializing in trade management, consultative services, project management and information management. To learn more about our services and how we can assist your company with all your trade compliance needs, please visit www.strtrade.com.

About the Author

She is responsible for ensuring that drawback operations are conducted properly while striving for continuous improvement.

She is also responsible for assisting with sales and marketing of new drawback business while identifying new drawback opportunities for existing clients. Ms. Olesky has experience in the customs industry, specializing in drawback since 1991. She has been a licensed customs broker since 1997, is a Certified Customs Specialist and is a member of the American Association of Exporters and Importers’ Drawback Committee and the TSN Drawback Committee.

Dawn Olesky Serves as Vice President of Drawback Operations for Sandler & Travis Trade Advisory Services Inc., resident in the Detroit office.

Drawback programs provide importers and exporters the opportunity to reduce manufacturing costs and increase profit and should be taken advantage of.

For more information on how STTAS can help you and your company increase profitability through a duty drawback program, please contact me at dolesky@strtrade.com.