Consumer Products Company

Client Background:

Leading manufacturer and wholesaler of juvenile articles (strollers, car seats) in the USA, Canada and Mexico.

Client Footprint:

In addition to North America, client serves 22 countries and ranks 1-3 based on product category.

Challenge:

Client was losing opportunity to recover duty on product previously imported into the United States that was subsequently re-exported.

 
Procyon Solution:

• Compile import export data to create independent “universes.”
• File paperwork with US Customs notifying of intent to establish duty drawback program
• File duty drawback entries quarterly with accelerated refund option.

Results:

• Client recovered $175,000 in duty based on initial filing translating into “new sales revenue” of $2,100,000 (based on net margin of 8.2%).
• Client received a process map to duplicate the program year over year.