What is Refund Claim?
Refund Claim A formal request submitted to customs authorities or carriers for repayment of duties, taxes, or fees that were overpaid, double-paid, or not applicable, as per the import/export regulations and transport documents.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Refund Claim” Used in Practice?
The freight forwarder submitted a refund claim for overpaid customs duties following the issuance of a corrected import declaration by the authorities.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Refund Claim?
A formal request submitted to customs authorities or carriers for repayment of duties, taxes, or fees that were overpaid, double-paid, or not applicable, as per the import/export regulations and transport documents.
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