History of Drawback
Adam Smith, the author of "The Wealth of Nations" described drawback "as the most reasonable encouragement to exportation."
Links of Interest
N.F. Stroth & Associates has assembled a small list of import related websites pertaining to Drawback and are listed on this page.
U.S. Customs and Border Protection
U.S. Customs and Border Protection secures the homeland by preventing the illegal entry of people and goods while facilitating legitimate travel and trade.
Customshouse Brokers and Freight Forwarders
N.F. Stroth & Associates has assembled a brief list of Customs Brokers and Freight Forwarders who serve importers with Customs clearance matters and transportation.
N.F. Stroth & Associates has assembled a small list of Customs Attorneys that serve Importers, Exporters, Customs Brokers, Freight Forwarders, Ship Lines and Airlines regarding Duty Drawback.
Foreign Trade Zone
A foreign trade zone is a facility or location federally designated as being outside the commerce of the U.S. It is designed to create jobs in the U.S. and to offer U.S. companies a competitive edge over foreign companies due to subsidized duties and other benefits.
Duty Drawback Bond
A Duty Drawback Bond is a form of a Customs Bond (CBP Form 301) which acts as assurance to U.S. Customs and Border Protection (CBP) that the Drawback Claimant guarantees that the claim made for the refund of duties and taxes were made in compliance to CBP laws and regulations. The bond protects the revenue of the United States and is essentially a contract between the Claimant and CBP that if refund has been made by CBP and there is an error discovered after the refund (within the time limit allowed by law), CBP may request the Claimant to pay the money back to CBP with the bond as the guarantee. A Drawback Bond is mandatory for Claimants wishing to receive refunds on an Accelerated Payment basis.
Duty Drawback Software
Since Duty Drawback is a process involving the U.S. Customs Service, the process of filing for your Duty Drawback Refund needs to be accurate.