Definition: Drawback system

Category: External trade

The 'drawback' system covers goods in free circulation, with a reimbursement of, or rebate on, import duties payable on the goods if they are exported outside the Community's customs territory as compensating products.
Source:
Eurostat, "Statistics on the trading of goods - User guide", Office for Official Publications of the European Communities, Luxembourg, 1998, p.28
Created:
Updated: