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Drawback

A duty drawback is a refund by CBP of the duties, taxes, or fees paid on imported goods, which were imposed upon importation. More broadly, a drawback also includes the refund or remission of other excise taxes pursuant to other provisions of law. CBP's duty drawback scheme under the Customs Act of 1962 allows exporters to receive a refund on customs duties they paid on imported products that are then used or incorporated into other products for export or remain unused until importation.

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- Brazil Creates Ex-Im Bank, Takes Other Measures to Increase Exports
May 7, 2010 by Barbara Chaves|Miscellaneous

Brazil has announced various measures to increase the competitiveness of its exports, including creation of a national export-import bank, expediting the return of export credits against PIS and COFINS taxes, broadening incentives on drawback exports, etc. (Press release, in Portuguese, dated 05/05/10, available at http://www.mdic.gov.br/sitio/interna/noticia.php?area=5&noticia=9798)

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