drawback


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drawback

noun damage, decremental, defect, discount, fault, flaw, harm, hurt, impediment, inconvenience, injury, liability, objection, obstacle, protest, protestation, qualification, set-off
See also: bar, burden, check, defect, disadvantage, encumbrance, fault, handicap, hindrance, impediment, liability, obstacle, onus, scruple

DRAWBACK, com. law. An allowance made by the government to merchants on the reexportation of certain imported goods liable to duties, which, in some cases, consists of the whole; in others, of a part of the duties which had been paid upon the importation. For the various acts of congress which regulate drawbacks, see Story, L. U. S. Index, h.t.

References in periodicals archive ?
Como resultado de esta investigacion preliminar, se pudo conocer que las MYPE no han usado el drawback como un verdadero incentivo para internacionalizarse.
In the early days, most system designers considered these drawbacks so severe that they constructed only a handful of centralized models.
In an official notification, the Ministry of Finance said the revised rates of duty drawback will help address the concerns of these export sectors and make India's exports more competitive in global economy.
He urged the government to provide complete and 100 percent drawback rate of incentive to the eligible value-added textile exporters on shipment basis as promised by the authorities concerned, abolishing the condition of ten percent or more increase in exports.
It would have been in the interest of country's exports if the government allowed indirect incentive on exports by allowing 4pc Duty Drawback on Taxes (DDT) on local sale of cotton yarn.
four per cent drawback on export of yarn which discourages the Value Addition and Value Added Garment Sector.
These drawbacks take away from the appeal of SD-WAN.
Castaloni, director at the DOF's revenue office and former head of the One-Stop-Shop Tax Credit and Duty Drawback Center, also confirmed that Carlos was 'dismissed from the service because of not declaring his assets in his SALN, and I think graft and corruption also.
It has fixed a drawback of four percent on export of yarn and grey fabric, five percent on export of processed fabric, and six percent on export of clothing.
KARACHI -- Chairman, Pakistan Tanners Association, Sheikh Saqib Saeed Masood has said in a press statement that very huge amounts of Duty Drawback & Sales Tax Refund Claims of the member exporters are stuck-up with the Collectorates concerned and have not been cleared so far despite numerous reminders issued to FBR.
A fresh package of incentives to promote exports is being worked out by the commerce ministry which will also require the finance ministry to forego revenue in terms of concessions such as the duty drawback scheme extended to exporters.
Males were more likely to report "accident" as a drawback and females were more likely to report "injury/kill" as a drawback.