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Simply Trade
Global Training Center
390 episodes
23 hours ago
Do you find yourself randomly classifying products… when you are not at work? Does the reason why you jump out of bed every morning have anything to do with validating your supply chain to insure trade compliance? Did you sit in your favorite chair with a glass of wine, paging through the latest regulations and thought to yourself, ‘what a great way to spend my free time’? If any of these apply to you, then you are very likely a ‘trade geek’… that is why we created Simply Trade just for you. Your hosts, Andy and Lalo have a combined 60+ years in the industry. Covering everything from logistics to technology. There is so much to learn with the ever-evolving world of trade. We’ve invited some friends over to our podcast to simply ’shoot the ship’ on all things trade. So join us every week as we discuss current and important trade topics with experts in their field who are passionate about helping you succeed! You’ll never run out of things to learn when it comes to trading goods across international borders. Let’s get to it!
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Business
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Do you find yourself randomly classifying products… when you are not at work? Does the reason why you jump out of bed every morning have anything to do with validating your supply chain to insure trade compliance? Did you sit in your favorite chair with a glass of wine, paging through the latest regulations and thought to yourself, ‘what a great way to spend my free time’? If any of these apply to you, then you are very likely a ‘trade geek’… that is why we created Simply Trade just for you. Your hosts, Andy and Lalo have a combined 60+ years in the industry. Covering everything from logistics to technology. There is so much to learn with the ever-evolving world of trade. We’ve invited some friends over to our podcast to simply ’shoot the ship’ on all things trade. So join us every week as we discuss current and important trade topics with experts in their field who are passionate about helping you succeed! You’ll never run out of things to learn when it comes to trading goods across international borders. Let’s get to it!
Show more...
Business
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Finding Millions in Your Pocket: The Strategic Power of Duty Drawback
Simply Trade
36 minutes
4 weeks ago
Finding Millions in Your Pocket: The Strategic Power of Duty Drawback
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.
Simply Trade
Do you find yourself randomly classifying products… when you are not at work? Does the reason why you jump out of bed every morning have anything to do with validating your supply chain to insure trade compliance? Did you sit in your favorite chair with a glass of wine, paging through the latest regulations and thought to yourself, ‘what a great way to spend my free time’? If any of these apply to you, then you are very likely a ‘trade geek’… that is why we created Simply Trade just for you. Your hosts, Andy and Lalo have a combined 60+ years in the industry. Covering everything from logistics to technology. There is so much to learn with the ever-evolving world of trade. We’ve invited some friends over to our podcast to simply ’shoot the ship’ on all things trade. So join us every week as we discuss current and important trade topics with experts in their field who are passionate about helping you succeed! You’ll never run out of things to learn when it comes to trading goods across international borders. Let’s get to it!