Duty Drawback – $7B of Available Duty Refunds: Are you Getting your Share?
Are you eligible for Duty Drawback? Are you taking full advantage to “legitimately” claim back up to 99.9% of your eligible duties, taxes, and fees? Every year there is 5.5 – 7.0 Billion dollars of duties, taxes and fees eligible for drawback. Of that amount, $3.5 – $5.0 Billion goes unclaimed.
Claiming drawback is a labor-intensive activity and limits the participation rates of importers and exporters who are eligible or willing to claim. However, the technology is changing the calculus and making the prep and execution of drawbacks much simpler enabling importers and exporters to capture the available funds.
This webinar focuses on the basics of Duty Drawback and how 3rdwave totally automates the collection and execution of the drawback so that it can be submitted directly to the customs broker for filing.
What You Will Learn:
- The History of Drawback
- Types of Duty Drawback
- Who is eligible for Drawback
- The process of Duty Drawback
- 3rdwave – Simplifying the Process, Increasing the Value
When: March 25 at 2 p.m. ET
Dan Gardner, Business Solutions Consultant, 3rdwave
Ned Blinick, Chief Product Officer, 3rdwave