Date and Time

Wednesday, September 18
12–1:30 p.m.

location

Canyonlands Conference Room
World Trade Center Utah

Reclaiming import costs to boost your bottom line 

If you’re not familiar with duty drawback, you’re not alone. Even the U.S. Customs and Border Protection considers duty drawback the most complex program they administer! Here’s the good news: if your business imports goods and then exports them (or uses them in manufacturing products that are exported), you could be eligible to reclaim up to 99% of the duties, taxes, and fees you’ve paid on those imports. Yes. You heard us right: 99%! 

At this event, experts from B•10 Capital walked us through the process. Here’s the SparkNotes: You pay to bring goods into the U.S., but if those goods — or products made from them — end up leaving the country, you’re entitled to get most of that money back.  

If your company imports goods, uses them in manufacturing, and then exports the final products, you could be eligible. Even if you’re just re-exporting the same items, you may qualify. Duty drawback is one of those under-the-radar opportunities that many businesses overlook. But if you’re serious about maximizing profits and cutting costs, it’s worth exploring. 

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Speakers

Duncan Glenn

Director, Professional Services | B•10 Capital
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wayne coleman

Administrator, Foreign Trade Zones | World Trade Center Utah
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