There are numerous areas importers can examine to determine if duty is recoverable after payment to US Customs. From Post Summary Corrections and Formal Protests to Duty Drawback, TCP can provide the know-how and the services necessary to facilitate the accelerated recovery of any duties or fees that are legally recoverable by the importer.
Each year, importers leave millions of dollars in the US Treasury that could rightfully be reclaimed under a Duty Drawback program. If your organization has paid duty on a product that has later been exported – in various conditions – you may be eligible to recover a significant percentage of the duty you’ve paid through duty drawback. Contact TCP today for a no-charge duty drawback consultation and see if your organization may have duty drawback available.
If your product was filed with incorrect information when entered into the US, and the correct information would have resulted in a lower duty payment, TCP can help to file a Post Summary Correction, (PSC) to correct the error and recover the overpayment of duty and any recoverable fees. PSC filings are time sensitive, so importers must take action shortly after the entry of their merchandise in order to be eligible. Don’t wait, contact TCP today for a no charge evaluation.
Much like a Post Summary Correction, a Formal Protest can be filed to recover overpaid duty and fees due to an error transmitted to US Customs when the merchandise was entered into the US. A Formal Protest can be filed after an entry has liquidated, giving the importer more time to recover eligible duty and fees. TCP’s consultants can provide the guidance you need to navigate the Formal Protest filing process. Contact TCP today for more information.
