14 Dec VITA Global Networking Breakfast – Duty Drawback Global Networking Recap
Nancy Hiromoto presented “Duty Drawback” at VITA’s Global Networking Breakfast on September 28th. Presentation included boosting export profits and changes to drawback law.
Nancy explained types of drawback such as unused merchandise drawback, manufacturing drawback and rejected merchandise drawback.
Government offers a refund of 99% of duties, taxes and fees paid for goods imported and then subsequently exported. First time claimants may be entitled to retroactive refund claims for up to three years prior. Refunds are contingent upon required supporting documents. Special care must be taken to ensure a successful program and to avoid government rejection of a claim.
Nancy is a licensed customs broker and Vice President of N.F. Stroth and Associates with experience in varied facets of international business including government regulatory compliance, global sales, logistics and supply chain management, inventory control and intellectual property rights.
Presentation can be viewed at thevalley.net/global/dutydrawback