Finding Millions in Your Pocket: The Strategic Power of Duty Drawback

from Simply Trade · host Global Training Center

Hosts: Lalo Solorzano & Andy Shiles Guest: Simran Dalvi – Duty Drawback Specialist, CITTA Customs Brokers Published: October 2025 Presented by: Global Training Center 💡 Unlocking Hidden Cash in Trade Compliance In this episode, Andy and Lalo are joined by Simran Dalvi of CITTA Customs Brokers to demystify one of the most underutilized trade programs in the U.S. — Duty Drawback. As companies struggle to manage tariffs, supply chain disruptions, and unpredictable trade policy shifts, Simran explains how duty drawback can become a strategic financial tool rather than an afterthought. They discuss how importers can recover millions in duties by improving documentation, applying for drawback privileges, and aligning teams across compliance, logistics, and finance. 🧠 What You’ll Learn in This Episode 💰 What duty drawback is — and how it can uncover hidden revenue opportunities ⚙️ How “drawback privileges” accelerate payments and improve cash flow 📄 Why documentation and audit readiness are critical for claim success 📊 How automation and AI tools are streamlining the drawback process 🏢 What executives and CFOs should ask their teams to find out if they qualify 🔑 Key Takeaways Duty drawback is a privilege, not a right — accuracy and documentation are everything. Companies can recover up to five years’ worth of duties on eligible imports. Drawback privileges allow for faster refunds and simplified claim processing. CBP’s backlog and staff shortages mean proactive preparation is key. Many importers qualify for drawback without even realizing it — and could be sitting on “millions in their pocket.” 📌 Resources & Mentions CITTA Customs Brokers – Duty Drawback Specialists CITTA Blog: Understanding Drawback Privileges CBP – Duty Drawback Overview ACE Portal – U.S. Customs and Border Protection AAEI – American Association of Exporters and Importers Global Training Center 🎧 Credits Hosts: Lalo Solorzano Andy Shiles Guest: Simran Dalvi – Duty Drawback Specialist, CITTA Customs Brokers Producer: Lalo Solorzano 📢 Subscribe & Follow Presented by Global Training Center — providing education, consulting, workshops, and compliance resources for trade professionals. 👉 www.GlobalTrainingCenter.com Connect with us: Simply Trade Podcast on LinkedIn Global Training Center on LinkedIn YouTube Spotify Apple Podcasts Trade Geeks Community Would you like me to also draft the LinkedIn promo post for this episode? I can make it center around the quote “It’s like finding a $20 bill in your pocket — except it’s millions” from Simran.

What this episode covers

Hosts: Lalo Solorzano & Andy ShilesGuest: Simran Dalvi – Duty Drawback Specialist, CITTA Customs BrokersPublished: October 2025Presented by: Global Training Center 💡 Unlocking Hidden Cash in Trade Compliance In this episode, Andy and Lalo are joined by Simran Dalvi of CITTA Customs Brokers to demystify one of the most underutilized trade programs in the U.S. — Duty Drawback. As companies struggle to manage tariffs, supply chain disruptions, and unpredictable trade policy shifts, Simran explains how duty drawback can become a strategic financial tool rather than an afterthought. They discuss how importers can recover millions in duties by improving documentation, applying for drawback privileges, and aligning teams across compliance, logistics, and finance. 🧠 What You’ll Learn in This Episode 💰 What duty drawback is — and how it can uncover hidden revenue opportunities⚙️ How “drawback privileges” accelerate payments and improve cash flow📄 Why documentation and audit readiness are critical for claim success📊 How automation and AI tools are streamlining the drawback process🏢 What executives and CFOs should ask their teams to find out if they qualify 🔑 Key Takeaways Duty drawback is a privilege, not a right — accuracy and documentation are everything. Companies can recover up to five years’ worth of duties on eligible imports. Drawback privileges allow for faster refunds and simplified claim processing. CBP’s backlog and staff shortages mean proactive preparation is key. Many importers qualify for drawback without even realizing it — and could be sitting on “millions in their pocket.” 📌 Resources & Mentions CITTA Customs Brokers – Duty Drawback Specialists CITTA Blog: Understanding Drawback Privileges CBP – Duty Drawback Overview ACE Portal – U.S. Customs and Border Protection AAEI – American Association of Exporters and Importers Global Training Center 🎧 Credits Hosts: Lalo Solorzano Andy Shiles Guest: Simran Dalvi – Duty Drawback Specialist, CITTA Customs Brokers Producer: Lalo Solorzano 📢 Subscribe & Follow Presented by Global Training Center — providing education, consulting, workshops, and compliance resources for trade professionals.👉 www.GlobalTrainingCenter.com Connect with us: Simply Trade Podcast on LinkedIn Global Training Center on LinkedIn YouTube Spotify Apple Podcasts Trade Geeks Community Would you like me to also draft the LinkedIn promo post for this episode? I can make it center around the quote “It’s like finding a $20 bill in your pocket — except it’s millions” from Simran.

NOW PLAYING

Finding Millions in Your Pocket: The Strategic Power of Duty Drawback

0:00 36:31

1×

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

Promotion | Oracular Wisdom | David Mark Quigley

Oct 28, 2025 ·5m

Obstruction | Patience, Timing, & Quiet Strength | Oracular Wisdom | David Mark Quigley

Oct 21, 2025 ·5m

The Ease of Dispersing | Clearing Stagnation, Uniting Strength | Oracular Wisdom | David Mark Quigley

Oct 14, 2025 ·5m

Great Strength | Harnessed Power, Breakthrough, & Righteous Action | Oracular Wisdom | David Mark Quigley

Oct 7, 2025 ·5m

The Receptive | Yielding Power, Wise Alignment, & Quiet Mastery | Oracular Wisdom | David Mark Quigley

Sep 30, 2025 ·5m

Contemplation Lead by Example | Decide with Clarity | Prepare for Action | Oracular Wisdom | David Mark Quigley

Sep 23, 2025 ·4m

Similar Podcasts

Wisdom's Proof JesusLifeTogether In a world of religion, ritual, hierarchy, control, money, marketing, and more flavors than 10,000 Baskin Robbins — how can we know what is Right and True? Some just give up. Bad move. JESUS LIVES and REIGNS! Some simply "go along to get along" to conform to culture and biological family. Really bad move, unless you are a lemming and don't care about the destiny someone else has chosen for you. But then JESUS, knowing this day would come, said, "By their fruit you shall know them" and "Wisdom is PROVED RIGHT by all her CHILDREN." Luke 7:35 Find some random offspring from whatever you wish you knew more about, look carefully at the second generation, and see if the gates of Hell are prevailing — as they would in a "mere words" and "mere ceremonies" attendance-based religious organization. OR, is satan getting busted in the mouth by that second generation? What is the fruit and the quality of LIVES of the children - once they can make their own choices? Then you'll Know. Wisdom is PROVED The Up and to the Right | Small Business | Practical, Actionable, Sustainable Improvements beyond50percent Welcome to Up and to the Right, the no-nonsense podcast where we blend your passion with proven business principles and practical tips, empowering you to create the impact and success you envision.Hosted by Stephen Krausse, the show covers what matters to small business owners, startups, and people interested in becoming entrepreneurs. No buzzwords and no hyped-up trends!A graduate of Colorado State University's College of Business, Stephen has an academic background that compliments over 25 years of business operations and management experience. He started his first business as a freshman in college in 1987, recording and producing demo tapes for local bands. Since that time, he’s been involved with numerous successful small businesses, including the operation and management of a niche high-tech company with customers and suppliers worldwide.As a business professional by education and trade, he works with select business owners to blend their passion with proven principles, givi Relaxing Free Sounds Instant Media Access Welcome to RELAXING FREE SOUNDS — your pocket-sized escape into pure atmosphere. This podcast is built for the moments when you need to soften the noise of the day and replace it with something calmer, steadier, and more natural. Whether you’re winding down after work, focusing on a task, trying to drift into sleep, or simply craving a sense of space, you’ll find immersive soundscapes designed to help you breathe a little deeper and feel a little lighter. Each episode is a carefully curated ambience session, created to feel like you’ve stepped into a different place. Expect soothing nature soundscapes like rainfall on leaves, distant thunder rolling across the horizon, gentle ocean waves, forest wind moving through pines, mountain streams, crackling campfires, and night insects humming under a wide sky. You’ll also hear city and indoor ambience for those who love the comfort of lived-in spaces: cozy café chatter, soft library hush, subtle office room tone, a quiet apartment at night, a Oracular Wisdom David Mark Quigley Join David Mark Quigley each week on the ”Weekly Oracular Wisdom” podcast, where he delves into the I Ching to uncover the energetic currents that shape our lives. Every episode, David provides a unique reading of the I Ching that captures the essence of the week’s energy, offering listeners insightful guidance on how to best navigate the challenges and opportunities that may arise.Each session is designed not just to forecast the week ahead but to empower listeners with ancient wisdom that is remarkably applicable to modern life. Whether you’re facing personal decisions, professional crossroads, or simply seeking a deeper understanding of the dynamics at play in the world around you, this podcast is your go-to resource for enhancing your awareness and aligning your actions with the greater flow of life.Tune in to gain practical advice and transformative insights that will help you turn the tides in your favor, leveraging the timeless wisdom of the I Ching to lead a more harmonious a

Frequently Asked Questions

How long is this episode of Simply Trade?

This episode is 36 minutes long.

When was this Simply Trade episode published?

This episode was published on October 16, 2025.

What is this episode about?

Can I download this Simply Trade episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.

URL copied to clipboard!