In recent years, the role of customs brokers has evolved significantly, driven by increased scrutiny from U.S. Customs and Border Protection (CBP). This heightened focus is compelling brokers to invest in advanced technology to better understand and manage the regulatory risks their shipper clients face. While the mandate for technological investment has always been implicit, … Read more
About Foreign Trade Zone Foreign Trade Zones (FTZ) are secure areas within the United States that are considered to be outside of U.S. Customs territory for tariff purposes. FTZ benefits are available to any U.S.-based company, and these zones are not restricted to specific geographic locations within the United States, providing flexibility for companies in … Read more
Duty Drawback is a program that helps exporters offset some of the costs accrued during the export process. It permits the American manufacturer to compete in foreign markets without the handicap of including in the costs, the duty paid on imported merchandise. The program gives rebates on Customs and Central Excise chargeable on any imported … Read more