Our Speaker

Larry Ordet

Telephone: 305.894.1003
E-mail: lordet@strtrade.com

More Webinars in the Duty Reduction or Deferral Category

First Sale Customs Valuation: Use of the "First Sale" Rule to Lower Import Duties

Foreign-Trade Zones and Bonded Warehouses

Lowering Duties on Apparel Imported from Mexico

Tariff Engineering to Legally Reduce or Eliminate Duty

Purchasing multiple webinars? Package discounts are available.
To learn more, email webinarorganizers@strtrade.com

NAFTA Duty Deferral/Drawback – Past, Present, and Future

NAFTA rules significantly diminish the benefits provided by duty deferral programs and drawback regulations for a large category of goods exported to Mexico or Canada.  For shipments from a foreign-trade zone or bonded warehouse, or shipments made pursuant to a temporary import bond, the NAFTA rules often lead to an additional duty payment in the United States that would not apply to identical shipments made outside of the NAFTA territory.  The rules also often lower the amount of drawback available on goods exported from the U.S. to Mexico or Canada.

In addition to unforeseen duty consequences, failure to properly comply with the NAFTA duty deferral and drawback rules may result in substantial administrative penalties and/or liquidated damages (e.g., for failure to timely or properly file the duty deferral entry).

This 60-minute webinar will help importers and brokers properly apply the NAFTA rules, understand the rationale behind their often harsh consequences, and recognize the potential for future changes.

Key Topics

1 CCS Credit

Purchase price: $200.00

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