Commerce WAEC

Duty drawback refers to duties paid on?

A. exported goods produced with local content
B. re-exported goods previously imported
C. imported goods for sale locally
D. locally manufactured goods for sale locally

Correct Answer: Option B

B. re-exported goods previously imported

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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