Wednesday, February 1, 2017

CBP Publishes Drawback Simplification Newsletter

Recently Customs and Border Protection published a Drawback Simplification Newsletter

On February 24, 2016, the President signed the Trade Facilitation and Trade Enforcement Act of 2015, strengthening the capabilities of the U.S. Customs and Border Protection (CBP) to enforce U.S. trade laws and regulations, streamline and facilitate the movement of legitimate trade, and interdict non-compliant trade.

The Act of 2015 included a sweeping “game-changer,” for the CBP drawback program, providing numerous, significant enhancements to the drawback laws under 19 U.S.C. § 1313, long-sought over the past decade by both CBP and the trade. Section 906, Drawback and Refunds, of the Act goes far to strengthen the drawback legal framework and CBP’s ability to more accurately and objectively administer drawback.

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