Firms that include imported parts in their finished products must pay duty on the imports, but this duty is returned when the product is exported (customs drawback).

Name: Firms that include imported parts in their finished products must pay duty on the imports, but this duty is returned when the product is exported (customs drawback).
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is correct. Customs drawback allows firms to receive a refund on the duty they paid for imported parts once the finished product is exported.

Firms That Include Imported Parts in Their Finished Products Must