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.

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Banking Finance Interview Questions

What is meant by Double entry?

1 Answers   State Bank Of India SBI,


What is AMC?

10 Answers   Wipro,


Finding a genuine provider of financial instrument is very challenging but we are certified Financial Instrument providers in United Kingdom. Presently, we only focus on BG/SBLC for Lease and Sale transactions. However, our Lease BG/SBLC is 6+2% and Sale at 40+2%. Should you find this interesting and acceptable? Kindly, contact us and we shall review and respond with draft Contract/MOU within 48hrs maximum. Please request for full procedure details if interested. For further inquiry contact: Diderot Denis Email:diderotdenis20@gmail.com

1 Answers   Signals Europe,


What is a balance sheet and a trial balance?

1 Answers   State Bank Of India SBI,


What is CRR? What is the current CRR?

1 Answers   IBPS,


What is a deferred tax asset?what is bank? What are the types of banks?

1 Answers  


What is portfolio investment?

1 Answers   RBI,


When will PAT be same as PBT?

5 Answers  


What is 'zero based budget (zbb)'?

1 Answers  


What is derivatives market in a lay man language?

1 Answers  


What is the impact of Indian market as a whole if the sensex is positive since two months?

1 Answers   eClerx, Samruddha Jeevan, State Bank Of India SBI,


Which is the Biggest Stock Exchange in India?

18 Answers   Banking,


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (747)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)