Drawback

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Updated: Aug 20, 2021

A rebate which may be obtained for duty paid on imported materials used in the manufacture of exported goods. the manufacture of exported goods. a bonded warehouse for re-export. Goods for repair may be imported free of duty.

Reference: The Penguin Business Dictionary, 3rd edt.



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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.