what is duty drawback?
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Drawback, also known as duty drawback is the refund of duties, certain taxes, and certain fees collected upon the importation of merchandise into the United States. Refunds are only allowed upon the export/destruction of the imported merchandise or a valid substitute, or the export/destruction of a certain article manufactured from the imported merchandise or a valid substitute. Drawback was established in 1789 in order to promote exports and manufacturing within the U.S. market. Claimants may be the importer, exporter, or other party within the drawback transaction.
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Duty drawback is the refund of excise duty.
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