There are laws when dealing with the draws

Press Releases | Customs Filing 12 February 2020

MIC has successfully processed millions of dollars in claims through new Drawback module

Southfield, MI – Drawback has been a hot topic over the last few years with electronic TFTEA being the only means of filing in 2019. As of current, there are less than 25 companies that are approved to file. And, MIC Customs Solutions became one of them at the beginning of August 2019.

MIC’s customers initially started filing claims in mid-September 2019, and that has been ramped up to filing numerous claims resulting in millions of dollars of drawback duties and fees recovered. Some customers were waiting for the new TFTEA rules to take effect before filing, which means they had a backlog of data to process. “The backlog, combined with the new Section 301 duties, which can be as high as 25%, mean that drawback is more important than ever.” says Dan Colosimo, MIC project manager for the drawback project.

Buckland, a full service trade partner offering managed services, has been consulting MIC on the new drawback module. Michele Snider, Director of Compliance & Consulting at Buckland, joined Mr. Colosimo in presenting the drawback process at MIC’s 2019 Customer Roundtable. “We look forward to working closely with MIC as we leverage their exceptional drawback software to bring even more value to Buckland customers”, stated Michele Snider, Director of Compliance & Consulting.

More about MIC:

MIC is the world's leading provider of global customs and trade compliance software solutions. This means: MIC customs and trade compliance software is used by over 700 customers in more than 55 countries on six continents.

If you would like to learn more about MIC, please contact us via email, [email protected].