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Refund rejection rates differ sharply between U.S. customs and Flexport, Ryan Petersen notes

Refund rejection rates differ sharply between U.S. customs and Flexport, Ryan Petersen notes
U.S. customs refund rejection rates surge

Ryan Petersen, industry influencer, reported that U.S. Customs and Border Protection (CBP) told the Court of International Trade it had rejected 49% of refund claims on the first review—initially declining 37% of filings and rejecting an additional 18% of entries among the accepted files.

Petersen contrasted this with Flexport's performance, noting a 3% rejection rate for refund filings made for its customers.

Petersen has previously focused on discrepancies in U.S.-China trade data. He highlighted a $112 billion gap in export values declared to Chinese and U.S. authorities. That report flagged concerns about trade fraud between the two countries.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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