Definition of drawback. (Entry 1 of 2) 1 : a refund of duties especially on an imported product subsequently exported or used to produce a product for export. 2 : an objectionable feature : disadvantage The plan's only drawback is its cost.

drawback - the quality of being a hindrance; "he pointed out all the drawbacks to my plan"

What does drawback mean? Money paid back from a charge previously made; refund, esp. of import duties when the taxed commodities are later export... Dictionary

drawback noun. A disadvantage; something that detracts or takes away. Poor fuel economy is a common drawback among larger vehicles. Etymology: draw + back. drawback noun. A partial refund of an import fee, as when goods are re-exported from the country that collected the fee. Etymology: draw + back

Dictionary entry overview: What does drawback mean? • DRAWBACK (noun) The noun DRAWBACK has 1 sense: 1. the quality of being a hindrance Familiarity information: DRAWBACK used as a noun is very rare.

drawback definition: 1. a disadvantage or the negative part of a situation: 2. a disadvantage or the negative part of a…. Learn more.

Simplified Explanation. Written by kelvinsee in Port Operations. A Duty drawback is where the customs officer refunds the paid duty and tax, provided that the articles or commodity imported fulfills certain criteria. That non-negotiable condition is that the cargo imported has to be exported back out of the state.

14/10/2014 · Introduction. Duty Drawback has been one of the popular and principal methods of encouraging export. It is a relief by way of refund/ recoupment of custom and excise duties paid on inputs or raw materials and service tax paid on the …

06/07/2007 · Posted - 2007.07.06 18:03:00 - [ 2] The drawback to each rig is listed in the properties. E.g. missile rigs typically have a drawback of 10% more CPU required for launchers. The appropriate rig skill reduces this drawback by 10% (9% more CPU for …