Drawback

Drawback, in law in commerce, paying back a duty previously paid on exporting excisable articles or on re-exporting foreign goods. The object of a drawback is to let commodities which are subject to taxation be exported and sold in a foreign country on the same terms as goods from countries where they are untaxed. It differs from a bounty in that a bounty lets commodities be sold abroad at less than their cost price; it may occur, however, under certain conditions that giving a drawback has an effect equivalent to that of a bounty, as in the case of the so-called sugar bounties in Germany (see sugar). The earlier tariffs contained elaborate tables of the drawbacks allowed on exporting or re-exporting commodities, but so far as the United Kingdom is concerned (as of 1911) the system of bonded warehouses practically abolished drawbacks, as commodities can be warehoused (placed in bond) until needed for exportation.

Duty Drawback

Duty Drawback is the rebate of duty chargeable on imported material or excisable material used in the manufacturing of goods in and is exported. The exporter may claim drawback or refund of excise and customs duties being paid by his suppliers. The final exporter can claim the drawback on material used for the manufacture of export products. In case of re-import of goods the drawback can be claimed.

Drawback (disambiguation)

Drawback is a term used in commerce.

Drawback may also refer to:

Drawback (album)

Drawback is the name of the fifth album by German band X Marks the Pedwalk. It was released by Zoth Ommog in Europe and Metropolis Records in North America, both in CD format.

Summary

This album expanded on the stylistic change that was evident with X Marks the Pedwalk's previous release, Meshwork. According to frontman André Schmechta, Drawback is his favorite X Marks the Pedwalk release.

Regarding the cover and inside art, Schmechta has said: "And do not ask me about helicopters!! I do not know what they could have to do with "Drawback"?! When I showed the sleeve to Estefania I asked her the same question and she laughed saying: 'Helicopters can be very fast...like time can be!'" The themes of time and its passage are recurring motifs in the lyrics of the songs on Drawback.

Drawback was released in Europe under the Zoth Ommog catalogue number ZOT 196, and in North America under the Metropolis Records catalogue number MET 076.

Track listing