duty drawback
Definition
A refund that can be obtained when an import fee has already been paid for a good, but the good is then subsequently exported. In order to obtain a duty drawback, a business does not have to have paid the import duty, nor do they have had to perform the product's exportation, they only need to be assigned the drawback from those to whom it would typically be due.
Related Articles
- Different Types of Financial Advisors *
- Planning for your Child's Future *
- Explanation of the Income Statement *
- The Warren Buffett Quality Stock Strategy *
- Forex Trading Based On News Releases *
- "Buy Condor" Stock Option Investment Strategy *
- Choose Mutual Funds Carefully *
- What is a C Corporation? *
Related Videos
http://www.businessdictionary.com/definition/duty-drawback.html
