Discover how drawbacks offer tax rebates for businesses that import and export goods, reducing tax burdens and enhancing profitability for U.S. companies.

Americans are not in a good mood this month after cutting big checks to the IRS, thanks to a complicated and unfair tax code. There is a feeling that large corporations and rich individuals know how ...

With the global trade landscape in flux, exporters must contend with changing tariffs, complex trade agreements, and uncertain supply chains. Fortunately, amid this turmoil, there’s a largely untapped ...

As global trade tensions swirl around us, it’s a good time to highlight one of the seldom discussed features of the U.S. trade environment: duty drawbacks. Many of the tariffs charged on imported ...

As Republicans now look to build on the success of President Trump’s tax cuts with a second reconciliation bill, protecting duty drawback should remain a priority for Congress as it aims to grow our ...

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, ...

The increase in the Duty Drawback Cap per unit for mobile phones will help boost exports. The Duty Drawback on Mobile Phones has been increased from Rs. 197 to Rs. 350. The Department of Revenue has ...

The government has cut the gold duty drawback rate on August 23, almost a month after revising import duty. The rate for silver jewellery and other silver items has been cut from ₹8,949 per kilogram ( ...

EXCLUSIVE — A key agricultural coalition is launching another six-figure ad buy asking Republicans to keep a critical farming and manufacturing provision in the One Big Beautiful Bill Act, one of ...

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 ...

The jewellery industry has been on a high ever since the Union Budget slashed the import duty on gold and silver from 15% to just 6%. (Reuters) The jewellery industry has been on a high ever since the ...