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Tuesday, 10 November 2026
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Goods imported into a country for the purpose of re-exporting attracts a rebate known as

Goods imported into a country for the purpose of re-exporting attracts a rebate known as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Customs draw back
  • B Export royalty
  • C Incentive
  • D Export rebate
Correct Answer: Option A
Explanation:
Customs drawback is a rebate or refund of customs duties paid on imported goods when those goods are subsequently exported. It encourages international trade by preventing the importer from bearing the full import duty on goods that are not intended for consumption in the importing country.

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