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?
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!
This post was published on April 19, 2019 and updated on April 19, 2019.