In international trade, one of the best-kept secrets is also the most expensive: over $10 billion in refundable tariffs goes unclaimed each year. Despite being legally entitled to recover these funds, ...
Flexport recently spotlighted how technology can help unlock larger duty drawback refunds, urging companies to rethink how they manage claims. In a recent webinar, Tim Vorderstrasse, Flexport's head ...
Opinions expressed by Digital Journal contributors are their own. While many business leaders prioritize cost control, forecasting, and risk mitigation, they often neglect customs refunds as a source ...
Rising tariffs and trade enforcement are reshaping the economics of international e-commerce. For brands importing into the U.S. and shipping globally, duty costs have climbed significantly-especially ...
India’s Ministry of Finance has changed the process for disbursing duty drawback to eligible exporters. The new process, which will come into effect on June 5, 2024, will discontinue the present ...
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