Duty drawback is a U.S. Customs and Border Protection (CBP) program that refunds importers and exporters up to 99% of the duties, taxes, and fees paid on imported goods when they are exported or destroyed.
This program aims to promote U.S. commerce and manufacturing by allowing products to compete in international markets without the added cost of duties paid on imported materials.
Unused Merchandise Drawback: Applicable when imported goods remain unused in the U.S. and are subsequently exported or destroyed.
Manufacturing Drawback: Pertains to duties paid on imported goods used in manufacturing new products that are later exported or destroyed.
Rejected Merchandise Drawback: Eligible for duties paid on imported goods that are defective, non-conforming, or not as ordered, and are subsequently exported or destroyed.
With a track record of successful duty drawback recoveries across diverse industries, W.M. Stone is your trusted partner in navigating the complexities of customs regulations.