A form of tax relief in which a lawfully collected customs duty is refunded or remitted wholly or in part because of the particular use made of the commodity on which the duty was collected is known as:

Question

Quizplus · Accepted Answer

Drawback is a form of tax relief in which customs duty is refunded or remitted because of the particular use made of the commodity on which the duty was collected. It is often used to encourage certain types of exports or to promote domestic industries. Setback, Use relief, and Rollback are not recognized terms for this type of tax relief.

A Form of Tax Relief in Which a Lawfully Collected