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Dutycalc Data Systems was founded in 1988 as a software and consulting company that designs, develops and implements management support systems for the import, export and brokerage communities. Our primary area of focus is Duty Drawback and the implementation of our fully automated Drawback System.

COMPANY INFO

6300 Stanley Dr
Auburn, Ca
95602

+1 (530) 637-1006

info@dutycalc.com

WE'RE SOCIAL

Duty Calc - Duty Drawback Software and Consulting Company

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Mitigating the Impact of Tariffs 

insurance Mitigating the Impact of Tariffs  Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
Sunday, 01 December 2019 / Published in Drawback, drawback service, drawback software, export tax, import tax

Mitigating the Impact of Tariffs 

Mitigating the Impact of Tariffs 

Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service

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Importers and exporters within the United States are looking for ways to mitigate the impact of recent tariffs that have been levied on hundreds of billions of dollars’ worth of goods. Though policy changes seem to be continuously changing month to month, there are ways to avoid or reduce duties. Below are a few strategies that companies can use to work around these duties.  Businesses can request to exclude specific products from the tariffs through the Department of Commerce and the Office of the United States Trade Representative. In order to do this, businesses must explain how and why their imported goods are critical to the United States economy. When a convincing case has been made, the request has been approved. Beforehand, businesses need to review the exclusions granted on List 1-3 to determine if their own imports are covered.  Businesses can shift operations away from one country to another to escape duty increases. Essentially, businesses should change the imported product’s country of origin. For example, the United States Customs and Border Protection has found that the complex assembly of numerous parts, modules, or subassemblies into dedicated machines results in a substantial transformation of the components so that their country of origin is where the finished product was produced. This might be an expensive and difficult change, but it could result in saving on increased tariffs. Businesses can file for duty drawback. This is probably the most effective way to get back money from these tariffs. Using resources like those offered from Dutycalc can help businesses get a refund of up to 99% of duties and fees paid on imported goods.  Use these strategies to help mitigate the impact of tariffs. For more information on anything regarding the import and export industry, please reach out to us here at Dutycalc. 

Tagged under: drawback consulting, drawback software, Section 301 Drawback

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    Dutycalc Data Systems was founded in 1988 as a software and consulting company that designs, develops and implements management support systems for the import, export and brokerage communities. Our primary area of focus is Duty Drawback and the implementation of our fully automated Drawback System.

    COMPANY INFO

    6300 Stanley Dr
    Auburn, Ca
    95602

    +1 (530) 637-1006

    info@dutycalc.com

    WE'RE SOCIAL

    TOP