PHILADELPHIA -- Getting the funding for ACE 2.0 is the biggest challenge, the executive director of CBP's trade transformation office said. He said the agency was unsuccessful in the budgetary process, and asked industry to lobby their representatives for funding.
Drawback
A duty drawback is a refund by CBP of the duties, taxes, or fees paid on imported goods, which were imposed upon importation as prescribed in 19 U.S.C. 1313(d). More broadly, a drawback also includes the refund or remission of other excise taxes pursuant to other provisions of law.
CBP released a guidance document detailing the roles and responsibilities of CBP and customs brokers faced with cybersecurity incidents. The document, released March 11, further details processes that were outlined in an initial guidance issued in April 2023.
CBP issued the following releases on commercial trade and related matters:
Tin-plated brass strips imported by Cooper Plating and then made into plumbing parts before being exported are eligible for temporary importation under bond under subheading 9813.00.05, CBP said in a recent ruling. However, while they undergo the required processing to qualify for TIB treatment, they are subject to the USMCA "lesser of duty rule" for similar reasons, CBP said.
CBP issued the following releases on commercial trade and related matters:
Robert Stein, former executive at supply chain logistics firm Mohawk Global, has joined Braumiller Consulting Group as vice president, according to his LinkedIn announcement. Stein said he will be working on foreign-trade zone, duty drawback, import/export compliance, Harmonized Tariff Schedule classification, customs valuation and free trade agreement matters.
CBP issued the following releases on commercial trade and related matters:
CBP released a new guidance document Feb. 12 on how the agency sets bond amounts, replacing the bond directive it issued in 1991 with a new "Guide for the Public" that the agency has said will accompany a revised internal directive on bonds (see 2309150061).
CBP issued the following releases on commercial trade and related matters:
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