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What is Duty Refund?

In certain scenarios, the importer may request for refund of duties paid to Customs and Border Protection(CBP).

There are several types of duty refund.

Post Summary Correction (PSC)

WIthin the 314 day after the duty has been paid to CBP before the ACE entry is liquidated, the trade participants will be able to submit a PSC to amend the existing ACE entry. The PSC may result in being required to tender the additional duty to CBP or eligible for duty refund.

Drawback

According to U.S. Customs, Drawback is the refund of certain duties, internal revenue taxes and certain fees collected upon the importation of goods and refunded up to 99% of duties paid when the merchandise is exported or destroyed.

Protest

Generally, If the importer disagrees with a decision made by the U.S. Customs and Border Protection(CBP) or wants to correct information previously entered on entry documents at the time of entry summary liquidation.

Within 180 days of liquidation, the importer, their broker, or attorney can contest CBP decisions relating to imported merchandise with a protest

If the PSC has been submitted and CBP disagrees with the PSC submission reason and liquidates the entry. The importer may submit a protest to counter CBP’s decisions.

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