Financial Recovery Strategies and ProfitTrust Launch AI-Powered Customs Duty Recovery Platform
Financial Recovery Strategies (FRS) has partnered with ProfitTrust to launch Duty Discovery, an AI-powered platform designed to help importers recover overpaid U.S. customs duties. The technology leverages FRS's recovery expertise alongside ProfitTrust’s automated audit system to identify and correct errors in Harmonized Tariff Schedule classifications and country-of-origin data that lead to duty overpayments. Industry estimates suggest U.S. importers collectively overpay more than $5.8 billion annually, with roughly one out of every eight entries containing an error. Duty Discovery enables companies to file Post Summary Corrections (PSCs) for up to 300 days at no upfront cost—clients are only charged if a recovery is made and funds are returned directly from the U.S. Customs and Border Protection. The platform requires minimal input, typically just 20–40 entry summary documents provided by customs brokers. The partnership aims to scale quickly due to FRS’s established client relationships combined with ProfitTrust's technology-driven approach.
Topics: AI technology customs duties import compliance recovery services