Saving in Style: Apparel & Footwear Duty Drawback Strategies
As apparel and footwear enterprises continue to face unprecedented supply chain pressures, duty drawback can be a game-changing cost mitigation strategy. Created as an export incentive program, duty drawback allows qualifying companies to recover up to 99% of duties paid on merchandise imported into the U.S. that is later destroyed or exported. Today, however, an estimated 70% of eligible duty drawback refunds go unclaimed-- representing billions of dollars left on the table by U.S. businesses.

Duty drawback is recognized as the most complex commercial program administered by U.S. Customs and Border Protection (CBP)-- but with expert guidance, implementing your own program can be made simple. Flexport's Tim Vorderstrasse and Caroline Dale spoke on how duty drawback can benefit your business.
0.00