Was Does Drawback Mean?

Was Does Drawback Mean?

(Entry 1 of 2) 1 : a refund of duties especially on an imported product subsequently exported or used to produce a product for export. 2 : an objectionable feature : disadvantage The plan's only drawback is its cost. draw back.

Does drawback mean disadvantage?

a hindrance or disadvantage; an undesirable or objectionable feature.

How do you understand drawback?

Understanding a Drawback

A drawback is a refund on specific duties, fees, and taxes, collected from U.S. companies for importing goods according to the U.S. Customs and Border Protection Agency. Typically, imports and exports are taxed. Drawbacks help to alleviate the tax burden for U.S. exporters.

Marcus Vance
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Marcus Vance

Marcus Vance is a cybersecurity auditor and technology writer dedicated to educating the public about online safety, data privacy regulations, enterprise security, and emerging cyber threats.