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What is duty drawback

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What is duty drawback

Posted by Gaurav Kumar 6 years, 11 months ago

CBSE > Class 11 > Business Studies

1 answers

Kirti Kumari 6 years, 11 months ago

Duty drawback is a versatile trade program established in the United States in order to allow US Importers, Manufacturers, and Exporters an opportunity to be more competitive on the global market. While the importers may or may not be the same party as the manufacturer or even the exporter, there may be an opportunity for any party along the supply chain to benefit from duty drawback.

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