TFTEA

TFTEA – Export Fee Refunds, Show Me The Money?

By Susan Kohn Ross

In an earlier alert, we discussed the various export incentives put into place with the passage of the Trade Facilitation and Trade Enforcement Act (“TFTEA”). One long-standing benefit available to exporters is duty drawback, which enhances a company’s ability to compete in the global market.  Drawback lowers the cost of U.S. exports by allowing for refunds of duties, taxes and fees paid on imported merchandise which is subsequently exported in its same form, as part of a U.S. manufactured product or similar domestic merchandise which is substituted for the imported merchandise.  More details will become evident as the regulations are developed within two (2) years following enactment.  Here we discuss the key provisions in the TFTEA which impact drawback. (more…)

TFTEA – CBP Organizational Structure

By Susan Kohn Ross

The Trade Facilitation and Trade Enforcement Act presents many new guidelines for U.S. Customs and Border Protection. The labyrinth of the Act is laborious to dissect and is the reason we have created this series of Alerts. This latest edition digs in to the inner workings of CBP’s organizational structure, duties, and implementation expectations. Anyone who works in international trade, whether an importer or exporter of goods or a service provider, will find this piece exceptionally interesting. (more…)