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Drawback
(redirected from duty drawback)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.02 sec.
Drawback
A tax or duty rebate on imported goods that are exported at a later date.


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Incentives are a popular mechanism for attracting foreign direct investment Percent of 103 countries surveyed Tax holidays 65% Import duty exemption 61% Duty drawback 48% Accelerated depreciation 46% Investment allowances 25% Source: UNCTAD 1995; McKinsey Global Institute.
But we do have concerns about the agreement, mainly dealing with these areas: rules of origin, manmade fibers, the tariff phase-out, non-tariff barriers, the duty drawback, subsidies, antidumping, countervailing duties, dispute settlement and resolution, intellectual property rights and foreign investment.
While other applications serving this market may not address needs like Landed Cost, Vessel Management, Duty Drawback, Entry and Broker Management, ERP Plus provides these critical sourcing needs out of the box.
 
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