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< Back to questions :: Q&A / Regulations/Policies / Bags and Luggage Bags

Drawback

Regulations/Policies
Bags and Luggage Bags
From Spain
To Portugal
472 views / 1 experts
Sep 28, 2021

What Is a Drawback? 

1 answer

Raymond Y.
Sep 28, 2021

A drawback is a rebate on taxes or tariffs paid by businesses on goods that were imported into the United States and then exported out again, such as on raw materials being imported for use in production, and the final goods then being exported. This lessens the tax burden on companies helping to improve their profitability

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