Establishing a Compliant Duty Drawback Program

The past few years have been extremely challenging for most companies due to higher tariffs, the impacts of COVID, and now challenges with supply chain. A lot of companies are turning to drawback to drive value to their organization by obtaining a refund of duties that were previously paid. As drawback is both a retroactive and prospective tariff recovery program, now is the time to consider developing a new drawback program or expanding and streamlining your existing program to enhance your duty recovery.  

KPMG LLP (KPMG) is pleased to invite you to Part 1 of a three-part duty drawback webcast series. During this webcast, KPMG professionals from our Trade and Customs practice will review the overall process for establishing a compliant drawback program.  The following topics will be covered:  

• Overview of various drawback provisions
• Applications and rulings required for various drawback provisions
• Timing considerations: 
  • Drawback statutory time frame
  • Data gathering
    
  • Document gathering
  • CBP – Approvals of applications and rulings
  • Payment of drawback claims
  • Record retention
• Data Requirements: 
  
  • Identify source data
  • Key data element requirements
  • Data validation

Note: There will be no CPE offered for this session