Duty drawback can benefit companies when a drawback claimant adheres to all requirements. This means the claimant pays careful attention to detail, keeps accurate records, and follows procedural standards set by U.S. Customs and Border Protection (CBP).
As an importer, the onus is on you to be aware of the regulations that apply to your products. This includes those set by Partner Government Agencies (PGAs).
US businesses that actively source raw materials, components, or finished goods from other countries must understand—and adhere to—the trade regulations for every country involved in their supply chain. Failure to do so can lead to fines and severe penalties.
When companies don’t comply with trade regulations, they face fines, penalties, and potentially late delivery of their goods.