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Duty drawback in the United States is defined as the refund of certain duties, internal revenue taxes and certain fees collected upon the importation of goods. The amount of drawback that can be claimed is for 99% of the import duties, taxes, and fees that were paid on merchandise that qualifies for drawback. The...What is a drawback?
Drawback is the refund of certain duties, internal revenue taxes and certain fees collected upon the importation of goods and refunded when the merchandise is exported or destroyed. Please refer to 19 CFR 190. Drawback Information and UpdatesWhat is a duty drawback refund?
In most situations, U.S. Customs will refund up to 99% of the original duties and fees paid by the importer and will allow the claimant to reach back and claim drawback on export transactions that are a maximum of three years old. You need not be the importer or even the exporter in order to receive a duty drawback refund.What is a drawback on imports?
Drawback is a refund, in whole or in part, of duties, fees and internal revenue taxes imposed on imported merchandise. Drawback is paid based on the exportation or destruction of imported merchandise or a valid substitute.