Blockchain solutions for duty drawback

Duty drawback is one of the most complex areas of global trade. Our blockchain solution helps prevalidate data in one location, helping you to efficiently and smoothly validate and file your drawback claims. KPMG's Trade & Customs team is happy to share how the blockchain solution for duty drawback helps our clients.

Andrew Siciliano

Andrew Siciliano

Partner, Trade & Customs, U.S. National Practice Leader, KPMG US

+1 631-425-6057

Are data issues preventing you from seizing drawback opportunities?

Duty drawback is one of the most complex areas of global trade. A U.S. Customs and Border program, duty drawback is refunds of certain duties, taxes, and fees collected on imported materials that are either exported in an unused state, destroyed under CBP supervision, or further processed in the U.S. and later exported to foreign markets.

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KPMG's blockchain solution for duty drawback helps manufacturers, importers, and exporters: identify drawback opportunities; expediently file drawback claims; potentially reduce claim errors; create an audit trail; and maximize drawback refunds.

KPMG's blockchain solution for duty drawback helps manufacturers, importers, and exporters: identify drawback opportunities; expediently file drawback claims; potentially reduce claim errors; create an audit trail; and maximize drawback refunds.

2018 Tariff update and impact analysis
In recent months, the U.S. government has taken significant tariff action, affecting a variety of product in a wide arrange of industries. In light of these developments, KPMG's Trade & Customs team is happy to share this update.
Developing your Section 301 trade mitigation strategy
The U.S. and China have shifted gears from threats to action in an increasingly hostile global trade environment. These times call for quick movement by company leaders to seek out tariff mitigation planning that could help alleviate lost revenue from the increased duty rates. KPMG can help.
Automotive industry tariff mitigation strategy
With tariffs on steel, aluminum, and certain goods and materials from China already in place, the U.S. trade team has negotiated the United States Mexico Canada Free Trade Agreement (USMCA) which tightens the rules on finished vehicles and automotive parts.

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