Ascent Global Logistics Blog

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Duty Drawback for Imports: A 101 Guide

Posted by Ascent Global Logistics on Jul 18, 2019 10:12:00 AM

Duty drawback is a Customs and Border Protection (CBP) program where exporters are refunded up to 99% of the customs duty that was previously levied upon imported merchandise. Duty drawback, however, is one of the most complicated commercial programs managed by CBP. Thus, it is important to have a clear understanding of all facets of how the program works and develop a relationship with a reputable drawback broker, who can help you navigate the rules and international laws.

The team at Ascent Global Logistics is ready to help you work through these complexities by determining if your situation qualifies for the Drawback Program.

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Topics: Regulatory Compliance, Exporting, Importing, International Freight Forwarding, Tariffs, International Trade

New Year's Resolutions For Importers And Exporters In 2019

Posted by Ascent Global Logistics on Jan 2, 2019 12:21:54 PM

As the new year begins, many will make New Year’s resolutions to save money, lose weight, get in shape, travel more, read more books, learn a skill or hobby and a whole host of other goals. But New Year’s resolutions don’t have to just apply to personal health and wellness.

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Topics: Exporting, Importing, International Freight Forwarding, Monthly Compliance Circular

Freight Forwarders & Customs Brokers - What's the difference?

Posted by Ascent Global Logistics on May 5, 2017 11:00:00 AM

Global supply chains are extremely complex networks which require involvement by various professionals who must execute different tasks. Two of the most important parties involved in an international shipment are the freight forwarder and the customs broker. One company is often both the freight forwarder and the customs broker, however, the two can be independent of each other due to the differences in responsibilities and capabilities. 

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Topics: Freight, Exporting, Importing, International Freight Forwarding

New Destination Control Statement (DCS) Requirements: How to Maintain Export Compliance

Posted by Ascent Global Logistics on Jan 16, 2017 4:32:16 PM

final rule was recently published in the Federal Register, impacting all ITAR (International Traffic in Arms Regulations) and all BIS (Bureau of Industry and Security) controlled exports. Effective November 15, 2016, all ITAR or BIS controlled exports will be required to list a revised Destination Control Statement (DCS) on the commercial invoice. 

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Topics: Regulatory Compliance, Exporting, International Freight Forwarding

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