Earlier this month, Amber Road’s Global Trade Academy broadcasted a webinar Duty Drawback Modernization Legislation - Are You Prepared for the Changes Ahead? Our presenter, Brenda Sweetman, Vice President of C.J. Holt & Co., Inc., a company that specializes in full service duty drawback assistance, received several questions throughout the webinar. Unfortunately she did not have time to address them all during the live broadcast. We have compiled her answers into a Q&A document - here is a preview:
Will there be a phased implementation of these new regulations?
CBP has two years after the signing of the law to write the new regulations, and then there will be one year of transition during which the Trade can use the new claiming procedures before it is then required that all claims must be filed using the new regulations.
How will USCBP know who is the authorized party to file the claim, as far as the importer and claimant is concern?
Since the new regulations will eliminate the requirement for CDs, CM&Ds, and endorsements, we are waiting for CBP's guidance on how this will be determined. Also keep in mind that the new Statute says the importer and claimant are jointly liable, regardless of who files the claim.Where do I have to submit the claim?
There are four drawback processing centers in the United States: Newark, Chicago, Houston, and San Francisco. The exception to this is if you are filing a Notice of Intent to Export, which would be filed at the port of exportation.
Click here to view the entire Q&A document.
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