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Drawback Eligibility Check | N.F. Stroth & Associates

Eligibility Check

N.F. Stroth has assembled a brief checklist along with our drawback calculator that will help you determine if you are eligible to establish a drawback program.

By applying for drawback privileges this allows the clients more flexibility when exporting and accelerates the duty refund process.

Are you eligible to file drawback? 

Does the company pay duty on imports that are later exported?

Does the company export imported products or similar goods that are domestic or duty free?

Does the company buy imported products from U.S. suppliers that are later exported?

Does the company sell imported products to U.S. customers that export?

 

Below is a table layout with two methods to help you estimate drawback.

How to Estimate Drawback using our Drawback Calculator:

Method One:

Annual Duty Paid $350,000.00
Ratio of Export Sales to Total Sales X 30%
Annual Potential Drawback Recovery $105,000.00
   
Multiplied by 3 years = Retroactive Drawback Recoveries of: $315,000.00

Method Two:

Quantity exported in pieces $400,000.00
Average import duty per piece of Exported items: .5
Annual Potential Drawback Recovery $200,000.00
   
Multiplied by 3 years = Retroactive Drawback Recoveries of: $600,000.00