Are You Missing Out on Millions in Duty Drawback?

Posted by Paris Riley on Fri, Apr, 19 2019 @ 2:07 PM

Could you be missing out on millions in duty drawback claims? Many shippers aren't taking advantage of valuable savings due to an inefficient or lack of a duty drawback program. When goods are re-exported, destroyed, or used in manufacturing another export, shippers can reclaim up to 99% of duty payments. In fact, it's estimated that there are $2-3 billion of unclaimed duty drawback each year. Isn't it time for you to get your slice of that pie?

AR-Duty Drawback Program Management-Google Ad 1200x1200

So much is unclaimed simply because people are unaware of duty drawback or have programs that are not operating at maximum efficiency – which is understandable given the complex nature of duty drawback itself. The Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) has brought significant changes to duty drawback policy and implementation, complicating the process even more. This process can be simplified and automated by using Amber Road's duty management solution

The Amber Road Duty Drawback Program Management Brochure outlines the numerous measurable benefits this solution provides, including:

  • Maximized claim opportunities with TFTEA HTS Substitution matching

  • Total landed cost reduction 

  • Easy tracking of eligible transactions

  • Claim opportunity & analysis

Discover how automation can transform and invigorate your duty drawback program management  download the brochure today!

Topics: Duty Management

Cookie Settings