How it works:
Apply once. The application describes your controls, your estimated drawback for the next 12 months and your bond: the surety, the amount of coverage and how you'll keep it adequate.
CBP has 90 days to approve or deny it.
- Bond. You and your surety agree to refund any overpayment CBP finds at liquidation. Any excess paid becomes delinquent 30 days after liquidation.
Payment. With accelerated payment, CBP can pay before the claim is final.
Its only published timing, from 2018: processing "will generally take place within 3 weeks of the claim resubmission date."
What it costs: the surety sets the bond premium. We haven't found a reliable published figure, so get a quote.
Under the client terms, third-party costs like a bond are quoted before you agree, you pay the surety directly, and anything above $500 needs your written approval.
You can apply for accelerated payment and a waiver of prior notice together, in one package.
- 19 CFR 190.92, 190.93[1][2]
- 19 CFR 113.65[3]
- CBP CSMS #18-000737, Dec 17, 2018[4]
- NexQloud Drawback pricing[5]
- How do I get accelerated payment?
- Do I need a drawback bond?
Written by the NexQloud Drawback team from the primary sources linked on this page.
Not legal advice. NexQloud Drawback is not a government agency.
NexQloud Drawback is software used by licensed customs brokers.
