Course presenter Anthony Nogueras, Founder and CEO of Alliance Drawback Services, will provide specific discussions on: Overview of the New Law and HTS Level Substitution; Determining Program Viability; Establishing a Drawback Program; Maximizing Recovery with Multiple Party Drawback; Drawback Transition from ACS to ACE; Use of Automation in the Drawback Process and Drawback Record Retention under New Law.Sign up for our next webinar, subscribe to our Newsletter!
Article by Anthony Nogueras, Founder and CEO of Alliance Drawback Services, "Customs Transition of Drawback to ACE Under New Regime Delayed". A 12-year collaborative effort between Customs and Border Protection and the Trade Community resulted in a new drawback statute found in Section 903 of HR 644 enacted as “The Trade Facilitation and Trade Enforcement Act of 2015.” The legislation set in motion an extensive and fundamental transformation of the 200-plus-year-old duty minimization strategy known as duty drawback refunds. Simply stated, the drawback program allows for the refund of duties on imported merchandise that is subsequently exported from the United States either in the same condition or following a manufacturing process. The new drawback statute mandated a two-year implementation process to allow Customs and Border Protection ample time to draft and implement a new regulatory regime as well as complete the full automation of drawback claim submission through its electronic platform referred to as ACE (Automated Commercial Environment). Read the entire Article