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Duty Drawback News

Wednesday September 02nd, 2009
Drawback changes as a result of S.1631

The following highlights reflect the major positive changes in the drawback law in the Customs Facilitation and Trade Enforcement Act of 2009 (S.1631) and the advantages of those changes to both CBP and the drawback trade community: • The new statute would make drawback more available to any size U.S. company. This represents a dramatic improve... (read more)

Wednesday September 02nd, 2009
Summary of Section 302 of The Customs Facilitation and Trade Enforcement Reauthorization Act of 2009

The Customs Facilitation and Trade Enforcement Reauthorization Act of 2009 included Section 302 on drawback. This Section will completely change the way drawback is processed. Following is a summary of the provisions of Section 302. SECTION 302: DRAWBACK FOR EXPORTED MERCHANDISE Section 302(a) amends section 313 of the Tariff Act of 1930 a... (read more)

Wednesday September 02nd, 2009
S.1631 The Customs Facilitation and Trade Enforcement Reauthorization Act of 2009

Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Chuck Grassley (R-IA) introduced S. 1631, the Customs Facilitation and Trade Enforcement Reauthorization Act of 2009 (Act), on August 6, 2009 to reprioritize the trade functions of the U.S. Customs and Border Protection Agency (CBP) and U.S. Immigration and Customs Enforcement A... (read more)