Economics · Foreign Trade and Taxation
Duty drawback on exports is provided to refund duties and taxes paid on inputs, which typically include:
- 1import duty, central excise, and other indirect taxes paid on inputs✓
- 2income tax and corporate tax paid by exporters
- 3central excise on indigenous components only
- 4import duty on imported components only
Correct answer
import duty, central excise, and other indirect taxes paid on inputs
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