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What is Duty Draw-Back?



What is Duty Draw-Back?..

Answer / prakhar saxena

Drawback, in law in commerce, paying back a duty previously paid on exporting excisable articles or on re-exporting foreign goods. The object of a drawback is to let commodities which are subject to taxation be exported and sold in a foreign country on the same terms as goods from countries where they are untaxed.

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