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Introduction:

Duty Drawback is a government incentive that enables businesses to reclaim customs duties, taxes, and fees paid on imported or excisable materials used in the production of exported goods. This refund mechanism reduces costs and enhances global competitiveness. It applies to various scenarios, including direct identification, substitution, and manufacturing drawbacks.

Duty Drawback Regulations:

1. Eligibility -To qualify for Duty Drawback, the goods must be exported within the specific regulations set by the authorities.
2. Documentation -Proper documentation is crucial for claim approval. Required documents include:

• Import and export documentation
• Proof of payment of duties
• Evidence of exports and realisation

3. Filing Claims -Claims must be filed with the port of export and should:

• Include all necessary documentation
• Follow the prescribed format