02 August 2018

US proposes new customs drawback regulations for public consultation

US Customs and Border Protection (CBP) issued a Notice of Proposed Rulemaking (the NPR) on August 2, proposing new customs drawback regulations. The NPR reflects a complete re-writing of existing customs drawback regulations in order to implement the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA). While TFTEA generally expands drawback rights, the NPR itself raises concerns for importers and exporters which may warrant submitting comments by September 17.

An Indirect Tax Services group Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-1554