Maximizing the Benefits: How ISF Impacts Customs Duty Drawback Programs

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Importer Security Filing (ISF) has had a significant impact on customs duty drawback programs. ISF, also known as 10+2 filing, requires importers or their authorized agents to submit certain information to US Customs and Border Protection (CBP) before goods are loaded onto a vessel destined for the United States. This filing includes various elements such as manufacturer and seller information. ISF has brought changes to duty drawback programs by requiring importers to file both the entry summary and the ISF before claiming duty drawback. This change ensures accurate and complete information is provided early on, improving supply chain security. Importers must provide the ISF number on the drawback application as proof of filed ISF. Compliance with ISF requirements, accurate filing, and utilizing customs brokers are essential for maximizing the benefits of duty drawback programs. Additionally, a customs bond is required to fulfill all customs regulations.
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