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What is the meaning of duty drawback?

Olivia Harris | 2023-05-07 14:51:58 | page views：1372
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Charlotte Hall

Studied at the University of Lagos, Lives in Lagos, Nigeria.
Duty Drawback is the refund of 99% of the duty paid on imported merchandise that is exported within 3 years from the date of import. Duty Drawback can be claimed up to 3 years after the date of export. The purpose of drawback is to encourage U.S. exports or manufacturing or both.
2023-05-14 14:51:58
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Ava Powell

QuesHub.com delivers expert answers and knowledge to you.
Duty Drawback is the refund of 99% of the duty paid on imported merchandise that is exported within 3 years from the date of import. Duty Drawback can be claimed up to 3 years after the date of export. The purpose of drawback is to encourage U.S. exports or manufacturing or both.
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