Industry group prepares to challenge Treasury substitution drawback rule

At least one industry group is preparing a legal challenge to a new regulation the Treasury Department is slated to release later this month that would eliminate the substitution drawback program and frustrate U.S. industry representatives, according to sources familiar with the plans. On Dec. 17, Treasury is set to publish a final rule implementing the duty drawback provisions contained in the 2015 Trade Facilitation and Trade Enforcement Act. Industry sources said there was a high likelihood that the final...