Levious Chiukira on Customs and Trade

  Levious Chiukira Duty drawback is a refund in payments that were initially collected upon importation of foreign-made goods, raw materials or semi-finished goods and these payments include customs duties, Value added Tax (VAT) and surtax but excluding antidumping duties which could have been paid Customs issues these refunds only when the imported merchandise is either exported or destroyed. Zimbabwe Customs laws administers this duty concession and there are two types of them in Zimbabwe. These are same state duty drawback and industrial drawback. Although most export promotion measures are regarded as prohibited subsidies under the current World Trade Organization (WTO) system, one of the non-prohibited export promotion measures is the duty Drawback. A duty drawback is an export subsidy determined as a percentage of the tariffs paid on the imported inputs used in its production. There is need to register with Customs to have the formulae approved prior to application for drawba...