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Trade Compliance
On Demand
March 25, 2021
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Duty Drawback - $7B of Available Duty Refunds: Are You Getting Your Share?

Ned Blinick

Chief Product Officer at 3rdwave

Dan Gardner

Solutions Consultant at 3rdwave

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March 25, 2021 2:00 PM
ET
Details

Are you eligible for Duty Drawback? Are you taking full advantage to “legitimately” claim back up to 99.9% of your eligible duties, taxes, and fees? Every year there is 5.5 - 7.0 Billion dollars of duties, taxes and fees eligible for drawback. Of that amount, $3.5 - $5.0 Billion goes unclaimed.

Claiming drawback is a labor-intensive activity and limits the participation rates of importers and exporters who are eligible or willing to claim. However, the technology is changing the calculus and making the prep and execution of drawbacks much simpler enabling importers and exporters to capture the available funds.

This webinar focuses on the basics of Duty Drawback and how 3rdwave totally automates the collection and execution of the drawback so that it can be submitted directly to the customs broker for filing.

What you will learn:

  1. The History of Drawback
  2. Types of Duty Drawback
  3. Who is eligible for Drawback
  4. The process of Duty Drawback
  5. 3rdwave - Simplifying the Process, Increasing the Value
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Ned Blinick
Chief Product Officer at 3rdwave
As Chief Product Officer, Ned leads the visioning of the 3rdwave platform. In his previous life, Ned served for over 30 years as CEO at one of Canada's largest independent food importing and distribution companies. He has presented at CSCMP, the Supply Chain Summit, the National Defense University in Washington D.C. and has been recognized by Supply and Demand Chain Executive as a supply chain “Pro to Know”.
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Dan Gardner
Solutions Consultant at 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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