Meaning of “duty drawback” in the English Dictionary


"duty drawback" in Business English

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duty drawbacknoun [ C or U ]

uk us US also drawback

TAX, COMMERCE tax paid on imported materials that is paid back when goods or products made with those materials are exported again:

There is a duty drawback scheme for foreign inputs entering into production for export.

(Definition of “duty drawback” from the Cambridge Business English Dictionary © Cambridge University Press)