Definition
A refund of customs duty already paid on imported goods that are subsequently exported, either unchanged or after incorporation into a manufactured product. In South Africa drawbacks are provided for under Schedule 5 of the Customs and Excise Act and administered by SARS. It supports exporters by removing the duty cost from goods that ultimately leave the country.
Frequently asked questions
What is Drawback?
A refund of customs duty already paid on imported goods that are subsequently exported, either unchanged or after incorporation into a manufactured product. In South Africa drawbacks are provided for under Schedule 5 of the Customs and Excise Act and administered by SARS. It supports exporters by removing the duty cost from goods that ultimately leave the country.
Which glossary terms are related to Drawback?
Drawback is a customs & sars term in the South African import/export industry. Related terms in the same area include 70707070 (Customs Code), Ad Valorem Duty, AEO (Authorised Economic Operator), Anti-Dumping Duty, B-BBEE (Broad-Based Black Economic Empowerment) — each has its own plain-English definition in the TradeCaravan glossary.