TFTEA Transition
Members of the AAEI and NCBFAA, Drawback Committees, Alliance included, met with CBP Drawback Officials in Virginia in late August to review outstanding issues with TFTEA drawback and ACE drawback filings.
Tariff rulings, CBP guidance, and trade policy changes, explained by licensed drawback specialists. What actually changes for your recovery program, and what to do about it.
Members of the AAEI and NCBFAA, Drawback Committees, Alliance included, met with CBP Drawback Officials in Virginia in late August to review outstanding issues with TFTEA drawback and ACE drawback filings.
Drawback regulations in 19 CFR 190 allow transfer of drawback rights when the importer and exporter of record are different entities.
The statute required a two-year period for Customs to update rules and systems, moving drawback filings from the legacy ACS to fully automated claims.
Importers often rely heavily on their Customs brokers for guidance and management of import compliance and related trade processes.
The main change in duty drawback under the 2016 TFTEA was redefining the substitution provision to expand eligibility and simplify claims.
Articles are published from the Alliance duty drawback news category.
Speak with a licensed drawback specialist about what it means for your program.
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