Drawback Data Pitfalls and Opportunities

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 3 of a three-part duty drawback webcast series. During this webcast, KPMG professionals from our Trade and Customs practice will dive further into Drawback by combining a regulatory focus and a data-driven approach. The following topics will be covered:  

• Why ACE Data is relevant from a regulatory perspective and how the ACE data is utilized by our data team for Drawback purposes.
• Covering Broker Procedures surrounding Validation and Integrity of Data, such as part number validation procedures.
  
• Post Entry Processes for both Import and Export. Import Post Entry Processes include topics such as PSC’s, protests, disclosures, recon, and inventory reconciliation. Export Post Entry processes include filer procedures and part number conversions.
  
• Understanding the pitfalls surrounding manufacturing claims, part number conversions, and export data.