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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.

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6300 Stanley Dr
Auburn, Ca
95602

+1 (530) 637-1006

info@dutycalc.com

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Duty Calc - Duty Drawback Software and Consulting Company

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insurance Mitigating the Impact of Tariffs  Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
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Friday, 01 January 2021 / Published in Drawback, drawback service, export tax, import tax, Section 301

Insurance Types for Your Import Export Business

Insurance Types for Your Import Export Business

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

What is Drawback Contact Us To run your import/export business successfully you need to make sure various parts of your business are insured. This includes employees, export credit risk insurance, and cargo insurance. Today we will be breaking down what each of these three types of insurances entail for your import/export business. To begin, you need to care for your employees. Most insurance plans cover illnesses or injuries that your employee might incur on the job. One thing to be aware of is that workers’ compensation insurance laws vary among states so you should check with your insurance agent for details in your area. Another thing to be aware of is that employees that work from home might have different policies. For example, if your employee gets injured in their home office, your homeowners’ insurance may refuse to pay on the grounds that it’s actually a workers’ comp case. You will also need export credit risk insurance. You can purchase several types of export credit risk insurances that are designed specifically for the new exporter and small to mid-sized enterprises. These policies protect you in the event that your foreign buyer decides not to pay you for either commercial or political reasons. Cargo insurance is the last kind of insurance that you will need. The cost of insurance usually runs about 1 percent of the insured value. With cargo insurance you will get peace of mind and, in the event of a cargo misadventure, your insurance coverage should include enough to repay you for not only lost or damaged products but for your extra time and trouble and those lost profits. Choosing to insure your employees, export credit risk, and your cargo is something that all import and export businesses should do. Your business will survive when the unthinkable happens and be able to handle any financial bumps in the road. For more information on import/export businesses stay updated here on our monthly blog.  

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biden Section 301 Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
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Friday, 27 November 2020 / Published in drawback service, drawback software

Biden Administration & China

Biden Administration & China

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

What is Drawback

With the Biden administration taking over the White House this election it is apparent that many things will be changing. One thing, however, that is not projected to change that much is the trade tension between the U.S. and China. Earlier this year Biden wrote, “The United States does need to get tough with China” in a “Foreign Affairs” article. He went on to say, “If China has its way, it will keep robbing the United States and American companies of their technology and intellectual property. It will also keep using subsidies to give its state-owned enterprises an unfair advantage – and a leg up on dominating the technologies and industries of the future.” With that said China is hopeful that because there is new blood in the White House, this new Biden administration will welcome new negotiations. China’s Vice Foreign Minister Le Yucheng believes that the Biden administration would “meet China halfway” according to state media. Xu Hongcai, deputy director of the Economics Policy Commission at the China Association of Policy Science believes that “Biden is reasonable” and “Biden, Obama, they understand the basics of holding a dialogue.” In Biden’s acceptance speech the ongoing trade war with China was absent. Since Biden’s acceptance speech he has still yet to bring up the issue. How Biden will actually handle the intense trade war that the Trump administration has left him, is still an unknown. What we do know is that Biden will have to prove that he can work more effectively with U.S. allies in order to win the heart and soul of the nation that is now in his hands. More news and updates will be coming up quickly as the White House transition continues. For information on the ongoing trade war between the U.S. and China, please stay updated here on our monthly blog or reach out to us here at DutyCalc.

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US Trade and Investment Policy Updates Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
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dutycalcadmin
Thursday, 24 September 2020 / Published in Drawback, drawback service, drawback software, export tax, import tax

COVID-19 Impact on Imports and Exports

COVID-19 Impact on Imports and Exports

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

What is DrawbackContact usThe COVID-19 pandemic has no doubt affected both U.S. imports and U.S. exports significantly. Because the U.S. imports more than they export, U.S. imports have overall gone down more in U.S. dollars than exports. That being said both sides have seen drastic changes because of the COVID-19 pandemic. For example, imports of crude oil have decreased by ~40% since the beginning of the COVID-19 pandemic. This makes sense simply because people are driving a lot less. This led to a price decrease and we have seen that oil prices have been down dramatically as of recent. Also, things like cell phone and television imports are down. We have seen that on average people are holding off on purchasing these expensive technology devices. This might be due to lack of income or simply the fear of going out to retail stores. And although these industries have seen a decrease, some industries have seen a drastic increase. Medical devices and equipment for example. U.S. imports of medical equipment are holding up and imports of pharmaceuticals are up ~15%. We are seeing that this pandemic has created opportunities for some industries yet created serious problems for others. On the U.S. export side of things two of the biggest exports, aircraft and automobile parts, have seen a drastic drop of 30-40%. But like the scenario with crude oil, it makes sense. Airlines all over the world are cutting back their expansion plans. People are holding their money tight and pushing back those big purchases for things like autos. On the other hand, industries like semiconductors do not seem to be suffering as much. U.S. semiconductor exports increased by 12% since the beginning of the pandemic. This partly reflects that Asia is recovering quickly from the recession. So, though exports have been down overall in the U.S. some industries are seeing a slight surge. Overall, the import and export business in the U.S. is hurting. Most industries are suffering yet there are some that are benefiting. You can expect that if the COVID-19 cases in the U.S continue to rise these import and export trends will continue. It will not be until a vaccine is safely tested and distributed or case numbers decrease that we see a change in the import and export business.
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Importing from China Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
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dutycalcadmin
Thursday, 27 August 2020 / Published in drawback software, export tax, import tax, Section 301

Importing from China

Importing from China

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

What is Drawback

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Many companies within the U.S. import goods from China. Last year China’s trade surplus reached $422 billion U.S. dollars. Why? Well, China is a low-cost labor country, their raw materials cost about 1/10th of U.S. raw materials, and the Chinese are simply the best designers. Their vision of product design across industries is second to none. That being said, it is not hard to see why many companies choose to import from China. If you run a company that is looking to import goods from China, well, that is not a bad idea at all. But, you should consider doing a few things.

Define your product’s quality benchmark. In order to do this, you and your team need to work on three design aspects. First work on your ideal design and specifications. Then, finalize the flow of work to be carried out on raw materials. Lastly, decide on a benchmark. Know what your ideal quality standards are and your acceptable levels of flaws.

Next, you need to communicate quality standards to the supplier. Define things like protocols and timing. Communicate in person as much as possible. Form that relationship and do not get comfortable doing business only online.

You should also ensure that your product’s quality criteria is fulfilled by the supplier. In other words, compare what they give you to the benchmark that your company has created. A good way to ensure that your product is up to your standards is to implement pre-production audits, in-progress audits, and post-production audits. In these audits, you can sample test and make sure everything is on track.

Lastly, delegate a responsible authority for conducting those quality control audits. It can be you, it can be someone on your team, it can be a hired on experienced professional, or it can be through a contract with a third party. Whichever option you choose, make sure someone is in charge of checking the quality of your products through audits.

Importing from China can have various benefits but highly consider doing these things when doing business with them. You will be in a much better position to succeed if you follow these suggestions.

For more information on importing and exporting stay updated here on our monthly blog.

 

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Foreign Goods Safe? Risky? Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
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dutycalcadmin
Monday, 20 July 2020 / Published in Drawback, drawback service, drawback software, export tax, import tax, Section 301

Foreign Goods

Foreign Goods Safe? Risky?

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

What is Drawback

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The coronavirus has caused a lot of uncertainty this year across the globe. What is safe? Who is safe? What can we do? What can’t we do? So many questions. So little answers. Because of the uncertainty, consumers are questioning their every move including where they choose to buy from and which goods they choose to buy. CNBC reported that in April the market research firm, Kantar, surveyed 45,000 people across 17 counties. In the study, they found that a third of global consumers are now worried that products imported from outside countries is a safety risk. Countries perceived China and the U.S. as high risk with 47% of them saying that they were far less in favor of buying American and Chinese products. An executive from Kanter also said that people were beginning to favor locally-produced goods even though the price point was higher.

The question is, is there really a risk in foreign goods? According to the CDC and the British government, the risk is low. The CDC says that the virus can survive for a short period of time on some surfaces but is mostly spread via respiratory droplets. It is unlikely that consumers contract the virus from international mail, products, or packaging. Similarly, the British government says that the risk of contraction from imported food and packaging from affected countries is low. They justify their position by arguing that their laws require all exporters to follow the proper controls during the packing and shipping process to ensure good hygiene is met. So, if you are concerned about the safety of foreign goods the CDC and the British government claim that you are safe. The best way to avoid the virus is to wear a mask, limit your time around others, and stay 6 feet away from everybody. For more information on the import and export business, stay updated here on our monthly blog.

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dutycalcadmin
Monday, 27 January 2020 / Published in Drawback, drawback service, drawback software, export tax, import tax, Section 301

Improving Import Benefits

Improving Import Benefits

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

What is Drawback

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If you are already in the import business and looking to improve your benefits here are some things you might want to consider.  The first thing you can do is work with a government-regulated trading program. Doing this will be more than worth the investment because they will help you navigate doing business with countries with strict regulations. Many programs are restrictive and overbearing but they do have many benefits for foreign importers including reduced risk when trading with a government-approved firm. Working with a government-regulated trading program is also a good idea if you want to increase your security.  A second thing you can do to improve your import benefits is to hire a third-party risk assessment. A compliance consultant or firm will help you assess risk and evaluate your import logistics. Many import companies have a staff member dedicated to compliance, but the downside is that often times staff members who are familiar with business operations, overlook potential threats. Hiring a third-party will eliminate this risk and best alert you of risks before they arise.  The last thing you can do to improve your import benefits is to develop a niche! For example, if you are running a new import business, you might be only importing one product. However, certain forms of the product may sell better than others. Compare the products that cost the most to import based on things like cost per product, customs, and shipping fees, to your most profitable products based on highest demand. Then ask yourself if there is a way to eliminate products that are costly and low-volume sellers. Generally speaking, you want to put all of your efforts towards products that are cheapest to obtain and the ones that bring in the highest revenue.  Work with a government-regulated trading program, hire a third-party risk assessment consultant/firm, and develop a niche to improve your import benefits! For more tips on importing reach out to us here at Dutycalc. 

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insurance Mitigating the Impact of Tariffs  Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
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dutycalcadmin
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

What is Drawback

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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. 

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Import Export Tips Drawback Duty Drawback | DutyCalc | Software | Process and File | Full Service
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Tuesday, 22 October 2019 / Published in Drawback, drawback service, drawback software, export tax, import tax

Take Your Business Global

Take Your Business Global 

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

What is Drawback

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Doing business with international companies is a very daunting yet rewarding task, if done correctly. If you are in the import and export industry looking for ways to improve the way you trade across borders, here are three tips from our experts at DutyCalc. 

  1. Learn the logistics with the help of a freight forwarder or customs broker. Shipping goods overseas is a complicated business. There are so many logistical processes that need to be considered. Goods must be packed and labeled correctly, accompanied by the right documentation, and sent using the appropriate shipping method. On top of all of those aspects, all of this needs to occur efficiently and in the most cost-effective way. To make sure all of the necessary boxes are checked, most businesses invest in trusted freight forwarders and/or customs brokers. These companies will help alleviate the stressful complications that are required while ensuring that your goods get to their destination quickly and safely. The best freight forwarders and customs brokers have a strong network of contacts and agents in the countries you will be doing business with and come backed with positive references. 
  1. Research different payment methods. Finding the most cost-effective way to send money overseas is challenging as the banks that handle all of your other financial accounts are known to have high fees and poor exchange rates. Each transaction can cost you anywhere between $10-$30. Similarly, your bank’s exchange rate is probably significantly lower than the real exchange rate (~5% lower). The point here being that you should always compare the exchange rates and extra fees offered from your bank with special money transfer services (Western Union). You could save a lot of money and avoid bank traps if you do your research. 

 

  1. Get expert help and advice! As stated before, entering the import and export industry is a daunting task. So, don’t do it alone! Our company, DutyCalc is one resource that you can use to find answers to all of your import and export questions. We have over 40 years of industry knowledge and our team has backgrounds in all areas ranging from drawback solutions to U.S. Customs regulations. We are here to help in any way as we understand that this industry can be very confusing. Use DutyCalc as a resource and we will gladly partner with you through your journey. 

For more tips or more information about DutyCalc, visit our website or contact us directly! We look forward to doing business with you! 

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Partner with DutyCalc Drawback Software | Import Export Consulting
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Wednesday, 25 September 2019 / Published in Drawback, drawback service, drawback software, export tax, import tax, Section 301

Understanding  Risks

Understanding  Risks

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What is Drawback

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Entering the global marketplace is a challenge that requires education, experience, and a driven mindset. Along with these qualities you must understand that this industry comes with risks that could lead to significant repercussions. Before entering the international marketplace, understand these risks and how to avoid them. 

One risk that import and export businesses face is unpredictable shipping logistics. When its all said and done, your business success is dependent on whether you can ship goods safely and efficiently. You need to make sure that your product gets from point A to point B on time. You need to account for everything that could possibly go wrong from an employee calling in sick to damage to the cargo. The best way to mitigate this risk is to stay organized, be prepared, and partner with a reliable freight forwarder that will help you ship your goods without a hitch. 

Another risk that import and export businesses face is not knowing enough about the current market. For example, did you know that exports contracted 6% last month which narrowed the trade deficit to $13.45 billion? Did you know that this was the second time that exports contracted in the current fiscal year? If not, you need to do more research on the current market. With the trade war causing changes to the global marketplace daily, it is important to consider those changes before you decide to enter the industry. 

The last risk that import and export businesses face is running into problems at the border. Customs is one of the biggest, if not the biggest, hurdle that importers and exporters have to face. Customs rules are not uniform throughout the world. To avoid significant slowdowns at international customs, again, do your research or hire experts in customs law and trade compliance to help you navigate this area of the business. 

Bottom line is that the import and export business is one with opportunity but is also one that comes with risks. To find success in this industry understand all of the risks, stay organized, prepare for the worst, and know how to handle logistics. If you have all of these qualities, you will be that much closer to finding success in the import and export industry.  

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Importing from China Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
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dutycalcadmin
Wednesday, 17 July 2019 / Published in Drawback, drawback service, drawback software, export tax, import tax

Import Export Drawback.NET Technology

Import Export Drawback.NET Technology

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

 

What is Drawback

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So much of today’s business success comes from the implementation and usage of compelling technology. Technology can have many benefits across all industries, especially the import/export industry. Today we’ll talk about how technology, specifically the Drawback.NET software, can help your business. 

As mentioned before in previous articles, Drawback.NET is a hands on tool that allows business owners in the import/export industry to file drawback themselves. This resource has proven to help business owners successfully file for years. Why? Because it’s easy, accurate, efficient. 

Drawback.NET is user friendly and intuitive. It’s not a complex software system that requires an IT or tech specialist. This resource was designed so anyone in the industry can use it and understand it with ease. The software does the majority of the hard work. Simply read the instructions and follow them correctly. If there are any questions or concerns while using the system, simply call our service center and we’ll be happy to help. Filing for drawback can be a long and tedious task, but with a system like Drawback.NET filing will become much easier. 

Drawback.NET is also beneficial for businesses in the import/export industry because it files accurately. This resource is compliant with all Customs Regulations like tariffs and Schedule B’s. The import/export industry is one that seems to have changing rules/regulations quite frequently. Because of this the DutyCalc staff is always making updates to the software so it’s compliant with all recent filing requirements. Drawback.NET is the most accurate filing software and one that you can always trust. 

Lastly, Drawback.NET is a resourceful tool because it’s efficient for business owners. Doing paperwork by hand, staying up to date on the new tariff regulations, and making phone calls throughout the day just to file one claim is a waste of time. Businesses often times don’t have the time to file and this eventually leads to lost money. This is why Drawback.NET is so useful; because it makes the end to end filing process more efficient. No more paperwork and tedious written work. All of it can now be done thanks to technology through Drawback.NET. 

DutyCalc’s Drawback.NET is easy, accurate, and efficient. For any business owner in the industry that is music to their ears. Save time and help your business successfully file for drawback by using Drawback.NET. Give us a call or stay updated on our blog for more information.  

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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