While many business leaders prioritize cost control, forecasting, and risk mitigation, they often neglect customs refunds as a source of working capital. Today, global trade strategists and customs ...

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 ...

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 ...

Volvo Cars and EV startup Polestar will be tapping into an old U.S. trade program to import Chinese vehicles at a lower cost, giving the Swedish brands a competitive leg up. By using the U.S. duty ...

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 ...

CBIC directed strict adherence to court rulings on duty drawback for unlocked mobile exports. The Supreme Court upheld the ...

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...