Drawback


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Drawback

A tax or duty rebate on imported goods that are exported at a later date.
References in periodicals archive ?
A major drawback of the online method from Study One, the "necessity of printing out questions to study in the future," was not found in Study Three.
Generally, the party entitled to receive drawback is the exporter unless the manufacturer or producer has reserved the right to such drawback with the knowledge and consent of the exporter.
This system included: (i) exemption of exports from sales tax and central excise duty, (ii) duty drawback scheme covering sales tax, central excise duty, and customs duty on inputs used in the production of exports, (iii) taxation of export of domestically produced raw materials, (iv) concessionary export finance and export credit guarantee scheme, and (v) income tax rebates.
Bielby claimed the criteria used to assess the validity of drawback claims was weak.
The revised all industry rates of duty drawback, which have been notified, will come into effect from September 21.
Senior officials of the Customs and Excise Department are of the view that the export incentive schemes such as duty drawback tend to get exploited and cause leakage of revenue.
Given the proximity of China to South Korea, such sourcing makes good sense--but even though the agreement allows European automakers their own duty drawback rights, these would not help them.
The main drawback is that it is completely unskateable.
Bin Galita noted that this was another drawback in crime scenes as it can possibly damage crucial evidence.
He appealed to the Chairman FBR to take notice of this critical situation and direct the authorities concerned to settle all the pending claims of Duty Drawback and Sales Tax of PTA members concerned expeditiously to get them rid of liquidity crunch and production impediments otherwise it will not be possible to achieve the export target set by the government.
One drawback that may put off potential buyers could be Microsoft's live tiles feature, which users who are used to Android and iOS user interface may find intimidating.
One drawback is the advanced query search, which has very tight search parameters.