Duty Drawback Success Story: A $1.3 Million Return on Investment

Posted by Suzanne Richer

Duty Drawback represents one of Customs’ most long-standing benefits to firms, as it offers companies a refund of up to 99% of taxes, duties and fees paid when imported merchandise is exported or destroyed within certain timeframes. The concept is simple – match your import entry documents with the corresponding export docs, file for expedited payment processing, and voila! Money will flow into your bank account.

As simple as it seems, drawback regulations are among the most complicated, and it is estimated that $2.8 billion dollars is left unclaimed by companies eligible for refund. Enter Amber Road’s Global Trade Academy – after attending the unique 3-day Duty Drawback Certificate Program, attendees have succeeded in securing incredible refunds for their firms.

One great success story is that of Tammy Anderson, Logistics Supervisor with an electronics firm, who in less than one year was able to secure $1.3 million dollars from her drawback program.  

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Topics: Import Management, Duty Management, Export Management, Import Compliance, Export Customs Filing

Rules of Origin Under Different Free Trade Agreements

Posted by Suzanne Richer

Not all Free Trade Agreements are the same, and one of the most frustrating differences is how they define Rules of Origin. How can you tell which products qualify for each agreement?

Don’t miss my presentation next week alongside Susan K. Ross, Partner at Mitchell, Silberbeg & Knupp LLP, as we discuss Rules of Origin Under Different Free Trade Agreements (FTA’s) at the NEI’s Second Annual Global Trade Educational Conference (GTEC)

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Topics: Trade Agreement Identification, Free Trade Agreements

Webinar Q&A: Framing the Total Landed Cost Picture

Posted by Suzanne Richer

On June 21st, Amber Road in conjunction with American Shipper broadcasted a webinar entitled, Framing the Total Landed Cost Picture. Our presenters, Suzanne Richer and Phanibhushan Reddy from Amber Road, received several questions throughout the webinar, but unfortunately we did not have time to address them all during the live broadcast. We have compiled their answers into a Q&A document - here is a preview:

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Topics: Landed Cost Calculation, Duty Management, Foreign-Trade Zones, Free Trade Agreements

Webinar Q&A: 2016 Trade Compliance Survival Guide

Posted by Suzanne Richer

Earlier this year, Amber Road’s Global Trade Academy broadcasted a webinar, Trade Compliance Survival Guide. I received several questions throughout the webinar, but unfortunately, I did not have time to address them all during the live broadcast. I have compiled some of my answers into a Q&A document - here is a preview:

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Topics: Global Trade Academy

Trade Compliance: The Missing Link in the Oil & Gas Supply Chain

Posted by Suzanne Richer

As the price of oil drops, companies need to reconsider their cost-saving strategies and how to manage global supply chains for bottom line impact. Typically, companies focus their efforts only on how they can drive costs down within their supply chain, without considering how their import/export compliance team can improve value.

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Topics: Import Compliance, Export Compliance, Events, Global Trade Academy, Trade Compliance

Understanding C-TPAT and the New C-TPAT Portal

Posted by Suzanne Richer

Customs–Trade Partnership Against Terrorism (C-TPAT) is a voluntary, joint government-business initiative to help add to supply chain visibility and increase border security. Although generally C-TPAT focuses on imports into the United States, it has more recently opened up to U.S. exporters since they are too exposed to considerable risk. In order to accommodate the requests and expanding parameters, a framework for the C-TPAT program and requirements has been deployed.

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Topics: Import Compliance, Export Compliance, Global Supply Chain, Trade Compliance, C-TPAT

Webinar Q&A: Classification of Parts of General Use, Parts and Accessories

Posted by Suzanne Richer

Last month, Amber Road’s Global Trade Academy broadcasted a webinar, Classification of Parts of General Use, Parts and Accessories. I received several questions throughout the webinar, but unfortunately, I did not have time to address them all during the live broadcast. Since the influx of questions was so high, I will be posting subsuquent blogs to answer some of the more advanced classification questions. I have compiled some of my answers into a Q&A document - here is a preview:

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Topics: Webinars, Product Classification, Global Trade Academy

2016 Trade Compliance Survival Guide - Help Prepare Your Organization

Posted by Suzanne Richer

As 2016 is in full swing, we have received many questions on where Customs would like you to focus your trade compliance strategy and how to best survive 2016. We have compiled the questions and here are answers to the most relevant and pressing:

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Topics: Webinars, Global Trade Academy