drawback

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drawback

Economics a refund of customs or excise duty paid on goods that are being exported or used in the production of manufactured exports
References in periodicals archive ?
Importers will be entitled to duty free imports if they do not claim duty drawback on exports.
This inference will be more certain if it can be established (i) that for these commodities the duty drawback rates are higher than the kerb market premium rate on foreign exchange and (ii) that these commodities are such that it is relatively easy to overinvoice them because of the nature of the products.
4 million of charges incurred throughout the year associated with denied duty drawback claims and penalties for a total of $4.
Under the new rules, exporters will get duty drawback on purchase of duty paid goods from the local market.
Given the proximity of China to South Korea, such sourcing makes good sense--but even though the agreement allows European automakers their own duty drawback rights, these would not help them.
Charter's services include customs and export brokerage and compliance services, duty drawback consulting and claims processing, and administration of storage and distribution facilities for foreign-trade zone status jet fuel.
One of the remedial measures demanded by the All Pakistan Mills Association as also by the trade bodies of hosiery and knitted fabrics exporters who produce exportable goods from the blend of cotton and polyester fibre, is to immediately increase the duty drawback rates.
Amin said that government had already announced a number of incentives to boost exports such as concessionary financing, duty free import of raw materials under temporary importation scheme/duty tax remission on exports (DTRE), duty drawback scheme, concessions in duty/taxes on import of machinery, raw material of priority export sectors and development of export clusters.
Chromium Sulphate, Formic Acid, Fat Liquors & Buffing Paper (iii) Increase in Duty Drawback Rates for Leather and for other incentives, to enable our members to compete in international market, for incorporation in current year Budget 2012-13 but NO attention has been paid as yet on our proposals and not a single proposal has been entertained.
The government introduced tighter rules on duty drawback in April last year following a long-running campaign by the FWD.
Tax exemptions, credit subsidies through reduced interest rates, adjustments in duty drawback rates, swifter reimbursement of tax refund claims and launching of major skilled training programme: the list of sops announced by New Delhi is getting longer by the day.
is a leading provider of international logistics services including International Freight Forwarding, Warehousing & Distribution, Customs Brokerage, Logistics Consulting, Cargo Insurance, Duty Drawback, and Meat Inspection.