drawback definition

drawback means the amount of import duties and taxes repaid under the drawback procedure;
drawback means a refund of all or part of any duty or excise duty paid in respect of goods exported or used in a manner or for a purpose prescribed as a condition for granting drawback;
drawback means any arrangement, including temporary duty-free admission, for the refund of all or part of the duties applicable to imported raw materials, provided that the arrangement, expressly or in effect, allows such refund or remission if goods are exported but not if they are retained for home use;

More Definitions of drawback

drawback means duty repaid or repayable in respect of customed goods by reason of the re-export of the same or some other provision of this or any other law;
drawback means drawback referred to in the Customs Act, 1962;
drawback means measures in which a Party refunds the amount of customs duties paid on a good imported into its territory, on condition that the good is:
drawback means a refund, on exportation, of all or part of any customs duty paid on importation;
drawback means a refund on exportation of goods of any customs duty, wholly or in part, paid on their importation;
drawback means a refund of all or part of any import duty of customs or excise duty authorised by law in respect of goods exported or used in any particular manner;
drawback means a refund of all or part of any duty of customs or excise authorised by any enactment in respect of goods exported or used in any particular manner;