Refund of Drawback Duties
Drawback is a customs term referring to the process of reclaiming customs duties paid on imported production inputs used in manufacturing products that are exported. These duties are refunded within a specified period according to customs regulations and legislation.
At SMA EGYPT, we play a crucial role in helping factories benefit from the export incentive (Drawback). We conduct a detailed and comprehensive field study of all stages of your production process using specialized programs. We identify production inputs and outputs, then collaborate with the Industrial Control Authority to determine usage rates and losses, ensuring accurate and reliable data for the relevant authorities. Subsequently, we handle the necessary customs procedures and settle duties and claims with Customs for reimbursement. We offer comprehensive services for analyzing and evaluating documents and information to ensure the swift recovery of customs duties. We manage every step of the process, from filing applications and liaising with authorities to providing expert advice on customs systems. Our goal is to reduce the financial burdens associated with manufacturing operations, enhancing your business profitability. Leverage our extensive experience and high accuracy in managing these processes to maximize the benefits of customs duty refunds.
Thanks to our extensive experience, the process of reclaiming drawback duties and utilizing export incentives becomes straightforward and swift. Our focus on details ensures a disciplined refund process that enhances your business’s profitability and increases your factory’s competitiveness.
- Comprehensive Field Study: Detailed analysis of all stages of the production process, products, and production inputs.
- Determining Appropriate Customs Systems: Selecting suitable systems for your business activity to ensure maximum benefit.
- Issuance of Industrial Control Authority letters: extraction of letters required for the industrial process.
- Completing All Customs Procedures: Managing necessary customs procedures for efficient duty refunds.
- Finalizing Settlement Procedures: Handling settlements according to customs regulations and legislation to ensure accuracy.
- Attending and Monitoring Committees: Overseeing all committees involved in reviewing settlements to ensure quick and disciplined
- Monitoring Book Balances: Ongoing monitoring of book balances for production inputs to ensure data accuracy.
- Providing Reports and Data: Offering detailed periodic reports to ensure transparency and effective follow-up.