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Question
Why can't a drawback specialist provide a price quote to do drawback processing without asking a whole bunch of questions?
Answer
Simply put, every drawback program is unique. With that said, no two fee structures will be the same either. One potential drawback filer may have $1 million annually in unused drawback, all their data is electronically available and in the correct format. Another potential drawback filer may have $50,000 total available in manufacturing drawback, data is only available in a paper format and is very difficult to read. In other words the data is a mess and very difficult to work with, extremely time consuming for the specialist to extract what information they need. No drawback specialist would quote the same fee to process these two programs unless they were both at 50% then I'd say the first company is being taken advantage of.
In providing a drawback specialist with a bit of information when calling for a service quote you are really doing your self a favor. You're insuring that you will be given a fair service quote from the start. No need in going back and forth, wasting time when the bottom line is that you want your duty drawback refund and the specialist is the one who can provide you this service.
So what exactly should a potential drawback filer have on hand before calling a drawback specialist for a service fee quote?
- Types of duty drawback
- Potential duty drawback refund amount
- Countries of Export - NAFTA drawback can be more difficult
- Be prepared to provide sample imports and exports should a drawback specialist request to see such documentation. This means providing them with one or more CF7501 entry summaries and commercial invoices plus packing lists, if applicable as well as one or more commercial invoices from you to the export customer and bill's of lading
- Have a week's worth of imports and exports to give the bidder as a sample
Don't know where to find this information? Check out the March/April Dispatch article titled Drawback 101 - How to Evaluate Your Duty Drawback Potential.
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