How will CBP’s drawback program change in the coming months?
The Trade Facilitation and Trade Enforcement Act of 2015 included a sweeping “game-changer” for the CBP drawback program, providing numerous, significant enhancements to the drawback laws under 19 U.S.C. § 1313, long-sought over the past decade by both CBP and the trade.
Section 906, Drawback and Refunds, of the Act goes far to strengthen the drawback legal framework and CBP’s ability to more accurately and objectively administer drawback.
Now you can learn more about the upcoming changes in CBP’s electronic newsletter.
From CSMS #17-000047:
In support of upcoming drawback program changes mandated by the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA), US Customs has published the Drawback Simplification Newsletter on CBP.gov. This newsletter provides TFTEA Drawback development and deployment information for the trade community. CBP intends to update information each month and plans to publish the newsletter on its website through February 2019.
ARRANGE YOUR CUSTOMSNOW ABI SOFTWARE WALK-THROUGH
Meet with a CustomsNow consultant to explore your compliance practices and how our best-in-class software and services can help you do what you do better.DEMO NOW