As Republicans now look to build on the success of President Trump’s tax cuts with a second reconciliation bill, protecting duty drawback should remain a priority for Congress as it aims to grow our ...
Rising tariffs and trade enforcement are reshaping the economics of international e-commerce. For brands importing into the U.S. and shipping globally, duty costs have climbed significantly—especially ...
In international trade, one of the best-kept secrets is also the most expensive: over $10 billion in refundable tariffs goes unclaimed each year. Despite being legally entitled to recover these funds, ...
Goods moved from SEZs to domestic markets treated as imports, duty drawback applicable on re-exports
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that when goods are supplied from SEZ units to the domestic market after paying applicable duties and later re-exported, they will ...
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