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I work for Sony Electronics, Inc. and I am the duty draw-back manager in the Accounting Department. Duty draw-back is the refund of import duties on product that we have imported to the United States and then exported either as part of a manufactured product or in the same condition that it was imported.
Duty is a tax that the U. S. government places on imported product. It could be parts of a television. It could be the television itself.
Well, Sony's a global company, and we purchase and sell our product all over the world from southeast Asia to Europe, South America - everywhere in the world, and therefore it's important for us to have a department which will support that activity and also keep records for U.S. Customs, compliance, government regulation, et cetera.
[I interact with people from] different divisions within Sony about their product, asking about their business, what they do, different changes in their business because any changes that are in the product groups affect what we do. If they manufacture a new product, we need to know about it and see if there's any eligibility for refund. That's one thing that's very important about duty draw-back is that U.S. Customs does not tell you that you are entitled to this money. So it's very important that we are aware of all of our opportunities and try to get them back.
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