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 ...
Americans are not in a good mood this month after cutting big checks to the IRS, thanks to a complicated and unfair tax code. There is a feeling that large corporations and rich individuals know how ...
On April 5, 2025, U.S. Customs and Border Protection (“CBP”) issued guidance through the Cargo Systems Messaging Service (“CSMS”) that duty drawback is available for the 10% universal baseline tariffs ...
The issue concerned denial of drawback on re-exported goods supplied from SEZ to DTA. The clarification holds that such supplies qualify as imports, making them eligible for drawback under Section ...
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that goods cleared from Special Economic Zones (SEZs) into the Domestic Tariff Area (DTA) o ...
CBIC clarifies SEZ to DTA clearances as imports, allowing duty drawback on re exports under Section 74, easing disputes and boosting exporter cash flows ...
Foreign firms exploit tax loophole to claim refunds without paying excise taxes. Loophole creates cost burden for U.S. taxpayers and undercuts domestic growers. Closing loophole could save $12 billion ...
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