The government of Canada has put together a program that helps Canadian companies compete in export markets by allowing them, under special circumstances, to recover duties they paid on imported goods under the following circumstances:

• export of Canadian manufactured goods;
• import and subsequent export of goods;
• destruction of obsolete or surplus goods.

As a program participant, you must be able to track all receipts, activities, and movement of goods that you have included under the program. These records must be sufficient to enable the Canada Border Service Agency to conduct an audit. Failure to keep adequate records may result in the application of a monetary penalty and possible removal from the program.

Tracking accurate information, keeping record and producing reports is more than tedious when not automated. While companies are dedicating team members to spend days producing periodic reports, they may never be sure about the end result.

TRIFORCE.NET helps you to easily and accurately manage the substantial reporting requirements and duty calculations required for accurate source and allocation tracking. Using a Global Tariff System, it handles the multiple levels of product and materials classification and the business rules associated with duty relief rules and quota management. It is also compliant with all forms requirements. The system saves you money and time.

Putting in place the right duty deferral & drawback management system will allow you to increase margins and competitiveness, and improve your cash flow while significantly reducing administrative costs.