Descartes Customs Compliance Solutions
Duty Drawback
Empowering customs brokers to simplify and automate the duty drawback process, reduce labor, and minimize potential errors.
Duty Drawback Software for Customs Brokers
Customs brokers can drive value to their customers by offering duty drawback services that streamline the challenges of filing to reduce duty spend. Due to the complexity of duty drawback services, creating, managing, and retaining drawback claim documentation can be a challenging and labor-intensive process.
Descartes web-based duty drawback solution helps to notify you to ensure you never miss a drawback opportunity. The potential advantages include lowered duty payments for your customer base and an additional edge in a competitive marketplace.
What Is Duty Drawback?
Duty drawback is a customs and tax term that refers to the refund of customs duties, taxes, and sometimes fees that were paid on imported goods, which are subsequently exported or used in the production of exported goods. For example, a company imports raw materials, parts, or components and pays import duty on them. The company then exports either those same goods or products made from them. Under duty drawback, the company can apply to get back (draw back) some or all of the duties and taxes that were paid when the goods were imported.
Delivering Feature-rich Capabilities for Duty Drawback
Reporting
Realize insight over time including refund status summaries as well as potential drawback opportunities
Integration
Connect with existing back-office platforms to stream duty drawback data to operations and billing
Alerting
Maximize potential drawback opportunities with customizable smart alerts and notification features
Visibility
Customer-facing visibility to drawback and refund statuses
Recordkeeping
Automatically store documentation to meet regulatory requirements
Features & Benefits
- Lower duty spend for your customers to help increase their profits and achieve a competitive advantage
- Analyze import transactions and duty payments to find opportunities to reduce costs
- Review reports to view duty recovery efforts at-a-glance
- Easily prepare refund claims via an intuitive web-based interface
- Calculate duties with accurate classification and trade agreement data