Trade words

Duty drawback

DBK

A refund of the customs duty paid on imported inputs used to make goods you export, or on imported goods sent back out. Most exporters claim it on the shipping bill at a fixed rate per product, the all industry rate.

Set by Finance Ministry, published by CBIC

Lessons that use this word

  1. Lesson 125 min readShipping bill and Let Export OrderHow you declare an export on ICEGATE, how customs clears it, and how the same shipping bill reaches your bank and your export incentives.
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Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.