Exchange Currency

drawback system

A system that provides reimbursement of customs fees to an importer, if the goods are then exported to another country for sale, or used to produce goods that will be exported. Drawback systems enable a nation to avoid penalizing importers who do not intend to compete with local markets.

Related information about drawback system:
  1. What is drawback system? - BusinessDictionary.com
    Definition of drawback system: A customs system paying rebates of taxes, tariffs, or duties originally imposed on goods imported into a country and then later ...
     
  2. OECD Glossary of Statistical Terms - Drawback system Definition
    Aug 26, 2004 ... The 'drawback' system covers goods in free circulation, with a reimbursement of, or rebate on, import duties payable on the goods if they are ...
     
  3. Brazil: Extension of the Brazilian Drawback System
    Oct 26, 2009 ... Regulation of the Integrated Drawback System by unifying the existing rules on import drawback and drawback "verde-amarelo". The Integrated ...
     
  4. What is drawback system? - InvestorWords.com
    Definition of drawback system: A system that provides reimbursement of customs fees to an importer, if the goods are then exported to another country for sale, ...
     
  5. FQA Customs
    Answer. Re-export of foreign goods from Egypt, is governed by the temporary admission system - drawback system (Customs) under the Customs Law and its ...
     
  6. Duty drawback system on apparel upsets exporters
    Jan 24, 2005 ... Mumbai, Jan 23: Apparel exporters have expressed dismay over the recently announced change in the duty drawback mechanism. The Centre ...
     
  7. Drawback Refunds - Duty drawback - duty drawback software -duty ...
    Drawback Software—Dutycalc Drawback System (Drawback.Net) Dutycalc offers three Versions of Drawback.Net. The types of drawback a company files ...
     
  8. Customs glossary - European commission
    Aug 24, 2012... suspensive procedure and goods that have been released for free circulation under the inward processing drawback system (Art. 84 (2) CC) ...