Insight
This survey gauges the impact of Duty Drawback as a mechanism to recover increased punitive tariffs by section 201 and 301 as well as the effect of regulatory changes enacted by the Trade Facilitation and Enforcement Act.
This industry survey gauges the impact of Duty Drawback as a mechanism to recover increased punitive tariffs by section 201 and 301 as well as the effect of regulatory changes enacted by the Trade Facilitation and Enforcement Act. Aggregating responses from more than 75 participants, this report seeks to benchmark leading practices, common struggles, and prospective opportunities for companies currently utilizing drawback as well as those seeking to implement this program in the future.
Of the respondents who currently claim drawback, only 33 percent indicated that they are presently leveraging the TFTEA regulatory changes for their submissions.
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