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.
Last year was one of the most unpredictable the container shipping industry has faced, and this year is likely to be similarly volatile with question marks still hanging over the U.S.-China trade war and new fuel regulations. However, despite being dogged by uncertainty, Drewry is predicting another solid year for the market.
The Port of Shanghai, the world’s busiest container port, is called by 134 ocean liner services that also sail to regions outside Asia, according to data from BlueWater Reporting’s Port Dashboard tool.
Most Popular
Latest News
Social Media

Loading...

Executive Moves: Matson, Rocketail, Tigers, Duluth

Executive Moves: Matson, Rocketail, Tigers, Duluth

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Code:

Copy & Paste the following code to embed this story on your website.

Preview

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.

By Chris Gillis on Feb 5, 2019AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Code:

Copy & Paste the following code to embed this story on your website.

Preview

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.

By Chris Gillis on Feb 5, 2019AmericanShipper.com