Complete Guide to Tariff Refund Recovery for CPG

This guide outlines the mechanisms through which Consumer Packaged Goods (CPG) companies can reclaim overpaid duties under Section 301 tariffs. It explains that U.S. Customs and Border Protection (CBP) and the U.S. Trade Representative (USTR) provide pathways for qualified importers to recover import duties on specific goods. The document details the complex and time-sensitive processes involved in seeking refunds, recommending that finance teams conduct a Tariff Exposure Audit to assess their potential claims. It presents four primary refund mechanisms available for CPG companies, including Section 301 exclusions and duty drawback programs, noting the necessity for accurate documentation and legal counsel throughout the process. The guide emphasizes the urgent need for companies to evaluate their import history to maximize their recovery potential before deadlines expire, and it provides action items for CFOs and tax strategists to effectively manage their refund efforts and optimize financial outcomes.