overview

duty drawback

duty drawback

A duty drawback is a refund of tariff-based duties, fees, and other taxes levied on imported goods that are later exported or destroyed. These goods may be unused and in their original state, or they may have gone through a manufacturing process. A duty drawback is a refund of tariff-based duties, fees, and other taxes levied on imported goods that are later exported or destroyed. These goods may be unused and in their original state, or they may have gone through a manufacturing process.A duty drawback is a refund of tariff-based duties, fees, and other taxes levied on imported goods that are later exported or destroyed. T...

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overview_1

Testing

Essentially, duty drawback serves as a post-export reimbursement of duties on inputs used in export products. Many governments, especially those in highly protected economies, implement this scheme...

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