Duty Drawback Brian London CEO American Drawback 250 Moonachie Road Moonachie, NJ 07074 (201)...
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Transcript of Duty Drawback Brian London CEO American Drawback 250 Moonachie Road Moonachie, NJ 07074 (201)...
![Page 1: Duty Drawback Brian London CEO American Drawback 250 Moonachie Road Moonachie, NJ 07074 (201) 478-4680.](https://reader036.fdocuments.in/reader036/viewer/2022062304/56649ea85503460f94bac264/html5/thumbnails/1.jpg)
Duty DrawbackBrian London CEO American Drawback
250 Moonachie RoadMoonachie, NJ 07074(201) 478-4680
![Page 2: Duty Drawback Brian London CEO American Drawback 250 Moonachie Road Moonachie, NJ 07074 (201) 478-4680.](https://reader036.fdocuments.in/reader036/viewer/2022062304/56649ea85503460f94bac264/html5/thumbnails/2.jpg)
What is Duty Drawback?• Duty Drawback is the
recovery of US Customs duties paid on imported materials that are subsequently exported.
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![Page 4: Duty Drawback Brian London CEO American Drawback 250 Moonachie Road Moonachie, NJ 07074 (201) 478-4680.](https://reader036.fdocuments.in/reader036/viewer/2022062304/56649ea85503460f94bac264/html5/thumbnails/4.jpg)
![Page 5: Duty Drawback Brian London CEO American Drawback 250 Moonachie Road Moonachie, NJ 07074 (201) 478-4680.](https://reader036.fdocuments.in/reader036/viewer/2022062304/56649ea85503460f94bac264/html5/thumbnails/5.jpg)
Types of Duty Drawback
• Unused DrawbackImport Duty Paid material which is
either exported or destroyedWithout being used in the US.
Incidental operations are allowed. Cleaning, inspecting and repackaging.
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Methods Of Filing Unused Drawback
Direct Identification• Matching an export shipment
to a specific import entry (7501 w/commercial invoice)
Substitution • Matching exports and
imports by part numbers that are commercially interchangeable.
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Direct Identification
• Parts or materials will be traced and matched by a serial number or unique lot number that will appear on both the import documentation and export documentation
Imported Gear Serial No. G34R5P4RT
Exported Gear Serial No. G34R5P4RT
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Unused Substitution
• Imported Goods must be “commercially interchangeable” with Exported Goods.
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Waiver of Prior Notice
Claimant must provide sample documentary evidence of proper records used in the ordinary course of business to support claims in the application
• Customs form 7501 w/commercial invoice
• Samples of business inventory movement
• Bills of Material or Lab records • Bills of Lading for US export• Any other business records that will
support the process
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Unused Drawback Time Frames
Designated productDate of Import
Designated productDate of Export
Drawback Claim filed
Drawback Claim PaidRecords Kept
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Manufacturing DrawbackImported Material/Components
are introduced into a manufacturing process.
A substantial transformation of the imported material / components results in a new and different article with a new name, use or character
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NAFTA • Unused Drawback filed on Articles
Exported to a NAFTA country are limited to Direct Identification.
• Manufacturing Drawback for Non Originating goods must be filed on the lesser amount of duty paid on imported component/material and that of duties paid in the destination country of the finished US product.
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Supply Chain DrawbackTM
Is there verbiage in your company’s purchasing agreements for drawback rights?
Exporter?Supplier?
How?
Who gets the money?
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Drawback Record Keeping
The following is a reference list for records used to support the filing of a drawback claim.
Some may not be required depending on the type of drawback claimed filed.
• Bill of Material or Formula/Recipe
• Bill of Lading for US Export• B3 (Canadian Entry)• Pedimento (Mexican Entry)
• Drawback Entry• Import Entry• Commercial
Invoice• Purchase orders • Receiving Records• Inventory Reports