What is duty drawback?
$20 billion in duty is collectively paid by over 300,000 importers to the U. S. Government each year. $1.5 to $2.3 billion of this total is available for refund, according to U.S. Customs Estimates. However, only $550 million is recovered. Consequently, hundreds of millions of dollars are going unclaimed year after year. These refunds are known as “duty drawback”. D.F. Young assists its clients in obtaining these drawback refunds. Duty Drawback refunds are import duties paid to U.S. Customs at the time of entry (paid by you or a supplier). Those who subsequently export the merchandise can often recover 99% of these duties. Since 75% of potential refunds go unclaimed due to lack of knowledge or lack of proper assistance, D.F. Young professionals are prepared to identify potential refunds and pursue them for your company .
