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Duty drawback refers to duties paid on?

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Commerce WAEC 2015

Duty drawback refers to duties paid on?

  • exported goods produced with local content
  • re-exported goods previously imported checkmark
  • imported goods for sale locally
  • locally manufactured goods for sale locally

The correct answer is: B

Explanation

Duty drawback: A refund that can be obtained when an import fee has already been paid for a good, but the good is then subsequently exported.

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