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Drawback Reforms Ease Some Requirements, Toughen Others

Thursday, February 25, 2016

A wide-ranging trade facilitation and enforcement bill signed into law Feb. 24 includes significant reforms to the duty drawback program. Some of these changes will expand benefits and make it easier to file claims, while others will impose a greater burden on filers. Sandler & Travis will conduct a webinar March 7 to review these changes and how they will affect your business.

Among the key changes made by the new law are the following.

These changes will not take effect until Feb. 24, 2018. Until that date drawback claims must be filed under the existing law. For the period Feb. 24, 2018 to Feb. 24, 2019, claimants may choose whether to file claims under the old or new laws. As of Feb. 24, 2019, drawback claims will have to be filed according to the new law.

For more information on the drawback reforms, please contact Dawn Olesky at (248) 474-7200 x1120, Andrea Artero-Larsen at (248) 474-7200 x1173, or John Gapske at (248) 474-7200 x1103.

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