Expedited Drawback
FTZ Academy / Expedited Drawback
The Expedited Drawback program gives companies a refund on the fees they paid when they import goods into the US and later export them. This program can provide significant cost savings for companies and improve their bottom line.
What are the benefits of the Expedited Drawback program?
- Duty savings: Companies can receive a refund on the duties they paid when they export products that were previously imported into the US. This can provide significant cost savings and improve their bottom line.
- Reduced compliance risk: An FTZ can help companies reduce their compliance risk by allowing them to store, handle, and manufacture goods in a secure and controlled environment.
- Documentation management: ITC Diligence International Inc. can assist clients with documentation management to ensure compliance with customs regulations.
Additionally, the Expedited Drawback program can help companies reduce their inventory carrying costs. By receiving a refund on the duties paid when they export their products, companies can reduce the overall cost of carrying inventory. ITC Diligence International Inc. can provide clients with a comprehensive understanding of the Expedited Drawback program and help them navigate the complex rules and regulations.
With ITC Diligence International Inc.’s assistance, importers and exporters can take advantage of this program to improve their bottom line and reduce their compliance risk.
ITC Diligence International Inc. is committed to helping clients take advantage of the benefits of the Expedited Drawback program. The experts at ITC Diligence International Inc. provide guidance on the FTZ application process, help clients understand their eligibility for the program, and assist with documentation management to ensure compliance with customs regulations.
