Customs Restricts Duty Refunds For Wine Importers

By Suzanne Monyak (December 17, 2018, 7:47 PM EST) -- The Trump administration has finalized a regulation restricting when U.S. wine importers can get a refund on duties or taxes collected on imports after exporting similar products, according to a filing set to publish Tuesday.

The 498-page filing, set to publish in the Federal Register on Tuesday, finalizes several regulations outlined in the Trade Facilitation and Trade Enforcement Act of 2015 aiming to modernize the drawback process, a process that allows U.S. importers to get up to a 99 percent refund on import taxes if they export or destroy an equivalent product.

In addition to streamlining record-keeping requirements and requiring drawback...

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