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Drawback

A duty drawback is a refund by CBP of the duties, taxes, or fees paid on imported goods, which were imposed upon importation. More broadly, a drawback also includes the refund or remission of other excise taxes pursuant to other provisions of law. CBP's duty drawback scheme under the Customs Act of 1962 allows exporters to receive a refund on customs duties they paid on imported products that are then used or incorporated into other products for export or remain unused until importation.

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Trump Orders State, Treasury to Draft Options for Russia Sanctions Relief, Report Says
March 4, 2025 |Sanctions

The Trump administration is working on plans to possibly give Russia sanctions relief as the U.S. works to negotiate an end to Moscow’s war with Ukraine, Reuters reported March 3. The White House ordered the State and Treasury departments to draft a list of sanctions that could be “eased,” the report said, and that U.S. officials could use to discuss with Russian representatives in talks with Moscow in the coming days. The agencies are writing a proposal to lift sanctions on “select entities and individuals, including some Russian oligarchs,” the report said. The White House didn’t immediately respond to a request for comment.

Australia Export Control Group Reminders Industry About New Criminal Penalties
March 4, 2025 |Export Controls

Australia’s amended Defence Trade Controls Act, which introduces criminal penalties for violations of export controls over military and dual-use technologies, took effect March 1, Export Controls Australia Group said in an alert to members this month. The group issued a reminder that Australian exporters and other organizations are now subject to “stricter permit requirements”; expanded recordkeeping rules; increased compliance reporting requirements, including for voluntary disclosures; and “enhanced self-audit expectations to ensure ongoing regulatory adherence.”

Report: Singapore Charges 3 People Tied to Alleged Illegal Exports of Nvidia Chips
March 4, 2025 |Export Controls

Singapore authorities charged three men with fraud last week after linking them to alleged illegal exports of advanced chips made by American semiconductor firm Nvidia, Singapore-based broadcaster Channel News Asia reported Feb. 28. The three men allegedly “made false representations” last year that the Nvidia chips wouldn’t be transferred to someone other than the "authorised ultimate consignee of end users," the report said, which may have violated U.S. export controls. The charges came after Singapore trade official Tan See Leng told the country’s parliament on Feb. 18 that Singapore doesn’t “condone businesses deliberately using their association with the country to circumvent or violate export controls of other nations,” the report said.