DUTY DRAWBACK - Duty drawbacks may allow exporters to receive 99% of customs duties paid on certain imported merchandise. For many exporters, duty drawbacks could result in substantial savings over the course of a year. However, it is not easy to qualify for a duty drawback and we do therefore recommend to our customers that they contact a duty drawback specialist to discuss their options. In general, the two major types of drawbacks are as follows.

1) UNUSED OR SAME CONDITION DRAWBACK

An unused or same condition drawback is a claim for refund of customs duties paid on imported merchandise which is exported in the same condition as when imported, or destroyed under Customs supervision and not used within the United States before such exportation or destruction. Merchandise must be exported or destroyed and drawback claim submitted within 3 years of the date of importation.

2) MANUFACTURER'S DRAWBACK

A manufacturer's drawback is a claim for refund of customs duties paid on imported material that is consumed, used or appears in product that is then exported. Manufacture or production in the United States must alter the article in name,character or use. The completed merchandise must be exported within 5 years after importation of the merchandise identified or designated in the claim.

Seajet will assist you to arrange for a duty drawback but given the complexities involved, we will liaise on your behalf with a duty-drawback services specialist or refer you direct to such a firm to assure that you receive the best possible service.