Duty Drawback is the refund of 99% of the duty paid on imported merchandise that is exported within 3 years from the date of import. Duty Drawback can be claimed up to 3 years after the date of export. The purpose of drawback is to encourage U.S. exports or manufacturing or both. It enables the U.S. exporter and/or manufacturer to compete in foreign markets without the handicap of including in costs, and subsequently in sales prices, the duty paid on imported merchandise. As an international transportation and logistics company, Panalpina is very pleased to offer this value-added service to its customers.
Partnering with our customers, the Panalpina Drawback team consistently outperforms expectations by offering creative solutions to optimize drawback recoveries and strengthen our customers’ bottom line. Panalpina has helped recover millions of dollars in duties for its customers.
You may be eligible for Duty Drawback if your company has one or more of the following attributes:
For more information, contact us and learn how we can help reduce your supply chain cost.