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Conclusion of the Drawback Modernization NPRM Comment Period

The Drawback Modernization NPRM comment period concluded yesterday, September 17. Our company sent comments on more than 30 regulations that, if they remain as currently written in the NPRM, could have a negative impact on our clients. In particular, our focus was on the acquisition cost requirement for manufacturing claimants, and we encouraged trade members and claimants to issue comments on this topic as well. We are hopeful that CBP will recognize the importance of revising these regulations to protect the ability of companies to claim drawback.

Thank you to those of you who submitted comments over the past few weeks! Your participation in this review process is appreciated and essential to ensure CBP listens to the pertinent issues of the drawback community.

2018-09-19T08:51:11+00:00 September 19th, 2018|Comstock & Holt News, Industry News|