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Encyclopedia Britannica - Main :: DIO-DRO |
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DRAWBACK , in commerce, the paying back of a duty previously paid upon the exportation of excisable articles or upon the re-exportation of foreign
object
taxation
and sold in a foreign
bounty in that the latter enables commodities to be sold abroad at less than their cost price; it may occur, however, under certain conditions that the giving of a drawback has an effect equivalent to that of a bounty , as in the case
sugar
Germany
SUGAR
system
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