drawback
Definition
Government scheme (see export subsidy) that pays back (in part or in full) excise duties, import duties, and/or other taxes on exported or re-exported goods. Its objective is to improve the competitiveness of the local manufacturers and traders, and is normally not given on damaged or spoiled goods.
drawback is in the Banking, Commerce & Finance and International Trade & Relations subjects.
drawback appears in the definitions of the following terms: export subsidy, direct exporting, free money, non tariff barrier (NTB), dumping, gold standard and shipping bill
This content can be found on the following page:
http://www.businessdictionary.com/definition/drawback.html
email to a friend
print this definition
cite this definition
link to this page
