Mandatory TFTEA drawback set for Feb. 24

U.S. Customs and Border Protection said all drawback claims will have to be filed electronically in the Automated Commercial Environment.

Mandatory TFTEA drawback set for Feb. 24

U.S. Customs and Border Protection said all drawback claims will have to be filed electronically in the Automated Commercial Environment.

Mandatory TFTEA drawback set for Feb. 24

U.S. Customs and Border Protection said all drawback claims will have to be filed electronically in the Automated Commercial Environment.

 
U.S. Customs and Border Protection reminded customs brokers this week that filing of Trade Facilitation and Trade Enforcement Act (TFTEA) drawback claims becomes mandatory on Feb. 24.
    At that time, all drawback claims must be filed electronically in the Automated Commercial Environment in accordance with the 2015 TFTEA legislation, CBP said.
    Basically, a drawback is a refund of customs duties paid on imported materials that are then exported or used in the manufacture of exports. With documented proof, exporters can receive refunds from CBP of up to 99 percent on duties paid.
    CBP said it will hold “drawback support calls” with the trade one week before the Feb. 24 transition and one week after to address any questions or concerns. Those calls will be held from 2 to 3 p.m. EST on Feb. 19, 22 and 25 and March 1. The call-in number is (877) 336-1828, code: 6124214.
    The trade also may email questions to OTDrawback@cbp.dhs.gov.

We want to see meaningful changes in China’s trade practices, but it makes no sense to punish Americans as a negotiating tactic. If the administration wants to put more pressure on China, it should form a multinational coalition with our allies who share our concerns.

Yang Ming Marine Transport Corp. posted revenues of NTD 35.08 billion (U.S. $1.14 billion) for Q1 2019, up 13% year-over-year, while fellow Taiwanese shipping company Evergreen Marine Corp. posted revenues of NTD 45.70 billion for Q1 2019, up 24% year-over-year.

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Mandatory TFTEA drawback set for Feb. 24

U.S. Customs and Border Protection said all drawback claims will have to be filed electronically in the Automated Commercial Environment.

Feb 05, 2019 on Dec 27, 2018AmericanShipper.com

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Mandatory TFTEA drawback set for Feb. 24

U.S. Customs and Border Protection said all drawback claims will have to be filed electronically in the Automated Commercial Environment.

Feb 05, 2019 on Dec 27, 2018AmericanShipper.com