What is Drawback Review?
Drawback Review An official examination of refund claims on duties and taxes paid for imported goods that are subsequently exported, as permitted by customs regulations.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Drawback Review” Used in Practice?
The customs office initiated a drawback review after receiving a refund claim for exported components.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Drawback Review?
An official examination of refund claims on duties and taxes paid for imported goods that are subsequently exported, as permitted by customs regulations.
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