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.

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: Commerce

Recent Posts

TEE 239 Theory Questions: Halliday’s Functions of LanguageTEE 239 Theory Questions: Halliday’s Functions of Language

TEE 239 Theory Questions: Halliday’s Functions of Language

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

2 days ago
TEE 239 Theory Questions: Functions of English in NigeriaTEE 239 Theory Questions: Functions of English in Nigeria

TEE 239 Theory Questions: Functions of English in Nigeria

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

2 days ago
TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​

TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​

200 Level Language Acquisition Proces exam questions and detailed answers. Download the answers in document format.…

2 days ago

TEE 239 Theory Questions: Language Acquisition and Learning

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

2 days ago

TEE 206 Theory Question: Lesson Plan for SS2 Students

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

2 days ago

TEE 206 Theory Questions: Teaching Literature in Schools

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

2 days ago