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?

Read More

Topics: Duty Management

Why All the Angst Over Brexit?

Posted by Daniel Smith on Mon, Apr, 15 2019 @ 12:00 PM

Last Friday was the date set for Britain’s withdrawal from the European Union. What might ultimately have happened on this day has been salivated over by some and agonized over by others ever since the UK voted nearly three years ago to withdraw, an event quickly dubbed “Brexit”—Britain Exiting the EU.  After the Brexit referendum, British Prime Minister Theresa May had over two years to negotiate an exit strategy that would gain Parliament's support. This proved more difficult than most anticipated, and the deadline was pushed back to April 12, 2019. But with the next deadline looming and nothing concrete in the works, the PM Theresa May and EU leaders agreed to extend this date for another six months; so, for now, the UK remains in the EU. But those not living in the UK may be wondering, why all the angst? Why can’t the UK just withdraw? The short answer is, they could. The long answer is much, much more complicated.

Read More

Topics: Global Trade Management Software, Import Management, Duty Management, Export Management, Global Trade Content, Global Trade Management

Amber Road Launches New Multi-Country Customs Warehousing Platform with Enhanced Support for European Customs Filing

Posted by Kelsey Barker on Tue, Apr, 9 2019 @ 12:05 PM

Amber Road has expanded its support for customs filing in Europe in conjunction with the launch of a new multi-country customs warehousing platform. These solutions address the need for companies to rapidly configure their supply chain given changes in trade regulations or business strategy and to fully digitize trade processes with direct self-filing to customs agencies.

The Amber Road GTM solution integrates Global Knowledge® trade content from over 170 countries with order-to-cash processes to ensure compliant cross-border trade.  The new multi-country customs warehousing solution delivers a single platform from which to take advantage of the cost savings and supply chain efficiencies when moving bonded and non-bonded inventory in and out of Europe.   

Read More

Topics: Duty Management, Free Trade Agreements, Import Customs Filing

Cintas Selects Amber Road’s On-Demand Global Trade Management Platform

Posted by Kelsey Barker on Mon, Feb, 4 2019 @ 10:41 AM

Cintas Corporation, a leader in their industry, has launched Amber Road’s GTM solution suite. Once fully implemented, the solution will streamline Cintas’ import and export operations, by creating  real-time, collaborative and fully standardized digital trade activities. 

Read More

Topics: Import Management, Duty Management, Export Management, Global Trade Management, Trade Agreement Identification, Free Trade Agreements

Moving Out Of China Isn't So Easy

Posted by Daniel Smith on Tue, Jan, 22 2019 @ 10:08 AM

There has been a lot of recent buzz about companies relocating sourcing or manufacturing out of China. It’s easy to understand why. Supply chains are running at full steam as the economy is booming in many parts of the world, while in other parts economies are taking a hit from obstacles to open commerce and trade. Protectionist trade policies have led to new tariffs – actual and potential – and the accompanying cost increases have led to a general attitude of trade uncertainty, specifically between the US and China.  According to an Amber Road and AAEI 2018 report on Trade Trends, 77% of US importers surveyed consider shifting trade policies as their top challenge in the road ahead.  More than half of these companies also rank the cost of goods sold as their top concern. These higher tariffs add to the total landed cost, eventually affecting the price on the shelf.

Read More

Topics: China Trade Management, Duty Management, Free Trade Agreements, Bill of Material Qualification

Free Trade Agreement Audits – Are Your Goods Really Duty Free?

Posted by Suzanne Richer on Thu, Nov, 15 2018 @ 11:36 AM

Claiming preferential treatment under any free trade agreement is fairly easy. Statements on the commercial invoice or accompanying certificates at the time of import are enough for your customs broker to claim the lower duty rate on your behalf. Proving eligibility of a reduced duty claim is quite the opposite, whether you are an importer, exporter, or the producer of the good.

Read More

Topics: Duty Management, Product Classification, Free Trade Agreements, Bill of Material Qualification

The New NAFTA Takes Shape as USMCA

Posted by Gary M. Barraco on Tue, Oct, 2 2018 @ 10:33 AM

After months of discussion and to-and-fro activity, the US and Canada reached a late hour agreement on a framework for a renewed trilateral trade agreement that will replace NAFTA. The “US-Mexico-Canada Agreement” or USMCA is a “new, modernized trade agreement”, according to the joint statement released on Sunday evening by US Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland — the two top negotiators on USMCA.

Read More

Topics: Duty Management, Trade Agreement Identification, Free Trade Agreements

Duty Drawback Simplification: Your Questions Answered!

Posted by Kelsey Barker on Fri, Sep, 28 2018 @ 3:49 PM

Drawback Simplification regulations are finally here, and they’re a game-changer for importers and exporters looking to recover duties and fees. Companies can now go back five years for duty drawback claims, but you need a plan. Earlier this month, Amber Road’s Global Trade Academy hosted a webinar with Drawback Specialist Brenda Sweetman to cover these important updates.

Read More

Topics: Import Management, Duty Management, Export Management, Product Classification

Game-Changing Duty Drawback Simplification is Here – Are You Ready?

Posted by Kelsey Barker on Mon, Sep, 10 2018 @ 11:15 AM

Duty Drawback Simplification regulations are finally here, and they’re a game-changer for importers and exporters looking to recover duties and fees. Companies can now go back five years for duty drawback claims, but you need a plan.

Join Amber Road’s Global Trade Academy for a complimentary webinar this Thursday, September 13, at 2PM EST, with Drawback Specialist Brenda Sweetman.

Brenda, along with Global Trade Academy’s Suzanne Richer, will walk you through the key points in the proposed regulations:

  • The items the CBP has settled – and what they still have to negotiate
  • A timeline: how and when to apply
  • The eligibility of brand new tariffs for drawback

Read More

Topics: Duty Management, Import Compliance, Export Compliance

Navigating Your Way Through Global Trade Uncertainties

Posted by David Hamilton on Tue, Jun, 5 2018 @ 11:35 AM

Today’s global trade market, subject to volatility and constant changes, presents several challenges to international companies and their supply chains. Risks to supply chains are normally categorized into issues such as production errors, unanticipated weather events, labor disputes, and qualms with supplier reliability. While these are all legitimate fears that any sensible company should monitor, special attention should also be paid to addressing global trade uncertainties—modifications in economic and political trade policies that precede shifts in regulatory compliance standards.

Read More

Topics: Duty Management, Global Trade Management, Import Compliance, Export Compliance, Trade Compliance

Cookie Settings