Commonly Used Terms
Duty Drawback is a refund of excise or import duty paid on goods that are exported. This refund can be in part or the full amount paid by the trader against the import duty, which includes customs duty, sales tax, and any other refundable fee levied. Duty drawback can be claimed on import duty paid on raw materials used for producing goods for export or on imported goods which were exported within a stipulated time period.
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