Trade Duty Refund

🛍 Are you a global retailer importing merchandise into the UK or EU? Many retailers import thousands (if not millions) of merchandise each year which accumulates into millions of euros of customs duties and taxes. Curious to know how much you can claim back from authorities? 💶 💰 Take a look at our video below to see a real calculation example from a global retailer importing fashion merchandise into the EU and dealing with a 40% return rate on goods. Those duties add up! But as you'll see, claiming them back can be rewarding for your bottom line. 🤔 Interested in a discovery call with an estimate calculation? Contact Trade Duty Refund - www.tradedutyrefund.com - our team of international trade and logistics experts help you claim back duties, even in bulk!

🇺🇸 The U.S. Presidential election is just one week away, and the two main candidates, Democrat Kamala Harris and Republican Donald Trump, have significantly different views on trade policy, tariffs and customs duties and how to facilitate trade with China. 💰 The U.S. is the world's largest economy and the second largest e-commerce market after China. The outcomes of the U.S. election will also shape trade policy for at least the next 4 years. Even the low value threshold of $800 USD is left to be debated among lawmakers. 🤝 Does your company import to the U.S.? Consult Trade Duty Refund to better understand customs regulations and how to take advantage of drawback and other policies that allow you to claim back customs duties: www.tradedutyrefund.com

🇪🇺 The European Union lists VAT and Customs Duty as two of the three major sources of its budget, and therefore it relies heavily on the proper payment and is quite active in detecting customs fraud. 💰 While customs duty evasion is a major offense, some companies may unintentionally commit fraud by mislabelling products or miscalculating duties owed. In recent weeks, two companies in the EU, one from France and one from Italy, were hit with customs fraud and anti-dumping charges resulting in significant fines and negative media attention. Anti-dumping occurs when non-EU manufacturers sells their goods in the EU below normal value. 🌐 Consulting experts in cross-border trade and logistics helps companies navigate the complexities of customs duties. Contact Trade Duty Refund, a dedicated broker specialized in cross-border e-Commerce customs duties, especially on returned items. 

You may have seen ZigZag in the news recently! ZigZag & Retail Economics's Shopper Returns Report, which drops tomorrow, exposed the impact serial returners have on your bottom line. Over-purchasing, impulse buying, & even fraudulent practices can cost retailers upwards of £6.6bn a year in online returns. ZigZag's report was launched exclusively at our Checkout Returns event last week, with big publications & news companies like Retail Week, The Telegraph, The Guardian, Retail Gazette, Sky News, Post & Parcel, and plenty more getting a look this week. Keep your eyes peeled for tomorrow's launch! https://hubs.la/Q02Vsf2r0 #Returns #ReverseLogistics #SerialReturners #eCommerce #Retail #RetailTech

8️⃣ 0️⃣ billion parcels in the first half of 2024. That is how many parcels China has shipped as the top retail e-commerce market in the world (and the answer to last week's poll question). 📦 According to Global Times, China is already 71 days ahead of its shipping rates from last year, demonstrating substantial growth for this market. Global retailers are struggling to compete in terms of efficiency and costs. The good news is that a better understanding of customs regulations and duties can help global retailers effectively manage cross-border trade and logistics. Contact Trade Duty Refund to get the process started: www.tradedutyrefund.com

📣 Trade Duty Refund is excited to present our latest edition of "Ask the Experts" - a dedicated blog series that interviews leading experts in the international trade, logistics and e-commerce space. In our recent piece, we interviewed esteemed industry colleague and partner, Ben Bagnulo of SAMOS e-commerce, which is a premier e-commerce delivery partner across Europe. Trade Duty Refund is proud to partner with SAMOS when it comes to helping companies claim back customs duties paid on returned goods. 🌍 📦 In his interview, Ben dives into his journey from global shipping company to niche business, how e-commerce has evolved over the years and what new challenges this journey brings for global retailers and e-commerce platforms. Trade Duty Refund, like SAMOS, believes an ecosystem of collaborators is helping the sector adapt. Like Ben says, "no one is an island". Read more below!

🇨🇳 Exports from China have grown rapidly over the last decade, and the Chinese market has become a global leader in e-commerce exports with its top markets being the U.S. and Europe. 📦 Many have called it the "parcel bomb effect", with retail goods arriving across the world. Other e-commerce markets have struggled to keep up with volumes, low value thresholds and regulatory compliance. So, just how big is this market? 🤔 In our recent poll, can you guess how many parcels were exported from China in just the first half of 2024?

**Open Positions with Trade Duty Refund** 🌏 As our business is expanding rapidly, and we are working more closely with retailers in the United States and China, we are looking for Customs Consultants experts to join our team. More specifically, we are looking for professionals who are experts in the customs procedures, regulations, drawback and Returns Good Relief processes in the United States and China. Trade Duty Refund works primarily with global retailers and e-commerce platform companies with high volume cross-border shipments as well as high product return rates. 👨💼 👩💼 If you meet the requirements and want to join a fast growing, global team send your candidacy via LinkedIn direct message or email us at contact@tradedutyrefund.com 

💰 We've talked a lot about customs duty drawback on cross-border returned items, but what about Returned Goods Relief? 🔵 Returned Goods Relief (RGR) allows goods that were previously exported from a specific territory to be re-imported into that same country without incurring additional customs duties. There is not need to "claim back" your duties because you won't pay them in the first place. Under the European Union Customs Procedure, goods and be re-imported into the EU without paying customs duties. Is your company eligible for RGR? Trade Duty Refund helps companies complete the procedure for Returned Goods Relief to ensure compliance and timely application. Contact us for more information and read more about RGR in our post below: www.tradedutyrefund.com

📣 De Minimis and Customs Regulations It looks like the U.S. is following in the footsteps of its European counterparts and re-evaluating its "de minimis" threshold for imported goods in an effort to counter the low-value goods from China flooding the U.S. retail market. 🇺🇸 The U.S. has one of the highest de minimis thresholds standing at $800 USD (while the EU and UK hold at €150 EUR and 125 GBP respectively - for now). According to Economist Intelligence: EIU, the Biden Administration announced in September plans to review "de minimis" for certain product categories in order to offset "unfair competition". This will surely have ripple effects on cross-border e-commerce retailers. ➡ Full Article: https://lnkd.in/eh6aWF3m 🌐 Trade Duty Refund's international trade and logistics experts are continuously following EU and U.S. customs reform, schedule a discovery call with us to understand the effects on your e-commerce business.