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Trade Compliance
On Demand
April 21, 2022
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Duty Drawback 201: Maximizing Your Drawback Claim While Building a Better Relationship with Your Drawback Broker

Dan Gardner

Solutions Consultant, 3rdwave

Grant Sernick

Head of Sales & Marketing, 3rdwave

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April 21, 2022 2:00 PM
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Whereas duty drawback remains an attractive option for companies to recover duties paid on imported goods that are subsequently exported, the drawback provisions found in the Trade Facilitation & Trade Enforcement Act of 2015 (TFTEA) raised the bar on how filers can qualify for a duty refund. With updates published in “Modernized Drawback” (19 CFR Parts 181, 190 & 191), filers of all types know that the level of detail they must now provide in support of a drawback claim is considerably greater. 

Filers have also discovered that TFTEA has not made their job, the preparation of data needed by their drawback broker, any easier. The validation of data across multiple sources, from ERP to ACE to Broker data has become more complex, even for the simplest of entries. Add in the additional requirement for inventory lots (J1) or Bills of Material (Manufacturing), the difficulties related to data compound, creating a level of complexity that most organizations are not capable of overcoming.

In recognition of the above, 3rdwave is conducting a 3-part Webinar Series entitled, “Duty Drawback in the TFTEA Era: Three Solutions to Three Very Specific Challenges”. During each webinar, we will focus on one especially demanding data challenge associated with a specific type of drawback entry and then explain how 3rdwave’s drawback software solution helps to alleviate the burden of manually mining, aligning and refining data requirements.

Part 3: Maximizing Your Drawback Claim While Building a Better Relationship with Your Drawback Broker

3rdwave is on a mission to make you, the trade compliance professional, a superhero within your organization. It is our goal to enable you to maximize the amount of duties, fees, and taxes that are available for drawback and get it back into your company’s coffers, while minimizing the amount of work that you are required to do.

In our final webinar in this series, we will discuss how to maximize your drawback claim while building a highly productive relationship with your drawback broker. Invariably, the better you are at organizing and validating your company’s internal and external supply chain data, the better you will be able to support a variety of drawback claim options and, in turn, provide the required data to your broker in a format that enables them to do their job efficiently and expediently.

Register for Part 1: Manufacturing Substitution Drawback and Bills of Material

Register for Part 2: Unused Merchandise Substitution Drawback and the “Other, Other” Problem

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Dan Gardner
Solutions Consultant, 3rdwave
Dan has both hands-on experience as V.P. of Logistics for a mid-sized importer and as a senior executive with several large 3PLs. In addition to his professional experience, Dan is a licensed customs broker, a professor of supply chain management, certified in Production & Inventory Management (CPIM), and a Black Belt in Six Sigma. As an author, Dan’s work has been featured in The Journal of Commerce, APICS Magazine, CSCMP Global Perspectives, and Inbound Logistics magazine.
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Grant Sernick
Head of Sales & Marketing, 3rdwave
Grant has been instrumental in refocusing 3rdwave into a SaaS-based company focused on servicing the SME market and driving top-line revenue growth. He brings a consultative approach to any engagement, and works with prospects and clients to deliver incredible results. Grant enjoys travel and coaching baseball. He has a Mechanical Engineering degree from Queen's University, and an MBA from the Richard Ivey School of Business.
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