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 ?
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.
7 million of duty drawback charges, as well as Airbus not taking approximately 1.
The EU executive, the European Commission, which negotiated the agreement, dismissed ACEA's concerns, with an official telling wardsauto in Brussels this afternoon: " They are trying to paint this as a new advantage that we are giving South Korean manufacturers, but duty drawback exists in the global trading system unless two partners reach a special agreement getting rid of it.
However, the inflationary factor in respect of PSF may be remedied by appropriate increase in the duty drawback on these items permissible to the exporters of textile items using polyester fibre, as demanded by the relevant textile associations
The CBR has made steep reduction of over 50% in the duty drawback rates on the export of 11 major textile products including blended fabrics from February 18, 2003 Sources said that the CBR would also slash duty drawback rates of other textile items in the coming days to revamp the duty structure.
Customs' investigation related to the Company's previously filed duty drawback claims.
Exporters are quite satisfied with the new version of customs clearance and it also guarantees refund of duty drawback without delay", Rizvi said adding that the WeBoc system is much more transparent than the old PACCS system and has been linked with FBR for speedy refund of exporters' claims, besides several new features have been introduced in WeBoc to enhance the efficiency of Pakistan Customs.
He urged upon the government to resolve issues related to duty drawback as thousands of cases are still pending in the State Bank.
Wholesalers were plagued by a return of widespread duty fraud to the beer market at Christmas as crooks circumvented tougher roles on duty drawback.
is a leading provider of international supply chain solution services including International Freight Forwarding, Warehousing & Distribution, Customs Brokerage, Logistics Consulting, Cargo Insurance, Duty Drawback, and Meat Inspection.
Pharmaceutical Companies Allowed Duty Drawback Facility: Taking a major step to boost the export of pharmaceutical products, the government, on January 31 announced duty drawback facility for all local and multinational pharmaceutical companies through standardisation to provide level playing field for the entire industry.
Custom's investigation of the Company's duty drawback claims, the successful completion of our capital expansion projects, and other risks and uncertainties included in the Company's filings with the Securities and Exchange Commission.