Drawback Process Forms Under Review by CBP
U.S. Customs and Border Protection is soliciting through Nov. 21 comments on the extension without change of three forms associated with the drawback regulations, which provide for a duty refund for certain merchandise that is imported into the United States and subsequently exported. If the regulatory requirements are met, claimants may file for drawback using CBP Form 7551, Drawback Entry. CBP Form 7552, Delivery Certificate for Purposes of Drawback, is used to record a transfer of merchandise from a company other than the importer of record and is also used each time a change to the imported merchandise occurs as a result of a manufacturing operation. CBP Form 7553, Notice of Intent to Export, Destroy or Return Merchandise for Purposes of Drawback, is used to notify CBP if an exportation, destruction or return of the imported merchandise will take place.
Sandler & Travis Trade Advisory Services will be conducting a webinar Sept. 23 on how to maximize savings and expand global sales through the use of duty drawback. Click here for more information.