Part 10: Duty Drawback
Duty Drawback
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20m
Foreign trade zones (FTZ) offer significant advantages, including duty-free provisions for car parts and vehicles. The content explains consumption filing, duty percentages, and the implications of different FTZ statuses. It covers zone restrictions, domestic status, and the drawback claims process. Additionally, it introduces accounting methods for identifying merchandise, focusing on fungible items and inventory accounting methodologies, while emphasizing the importance of direct identification in manufacturing.
#Code of Federal Regulations (CFR) Title 19
#Part 190
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Part 11: Duty Drawback
Explore the drawbacks in manufacturing, including issues with manufacturing, new merchandise, and rejected merchandise. Learn about the statutory provisions under Title 19 USC for identifying and substituting goods. The statute of limitations for filing claims has been extended to five years, rep...
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Part 12: Duty Drawback
Transaction value assessment for import merchandise is crucial. It defines the price actually paid or payable, excluding transportation costs. Regulatory definitions clarify transaction value and merchandise processing. Non-duty charges are explained, with a focus on fee assessments. A methodolog...
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Part 13: Duty Drawback
Customs examiners assess invoice values, including non-usable charges, which are typically excluded from regulations. Fees like merchandise processing and harbor maintenance are calculated based on specific values. Rounding errors can create significant margin errors affecting customs assessments...
