What is Drawback Scheme?
Drawback Scheme A customs program allowing for the refund of duties and taxes paid on imported goods that are subsequently exported or used in manufacturing exported products.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Drawback Scheme” Used in Practice?
The manufacturer claimed a refund under the drawback scheme after exporting goods made with imported 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 Scheme?
A customs program allowing for the refund of duties and taxes paid on imported goods that are subsequently exported or used in manufacturing exported products.
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