Understanding Duty Drawback in Shipping

Duty Drawback

When goods and materials are imported to a country for processing and the finished or processed goods re-exported, the Customs duty that has been paid at the time of the import of the goods and materials can be drawn back from the government. This is generally known as Duty drawback.

The Customs department will issue a credit for the Duty drawback amount to the business after ascertaining that the goods that were imported have been exported and have exited the country.

All of the goods and...

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