A refund of the duty collected on goods imported and processed for re-export is?

A refund of the duty collected on goods imported and processed for re-export is called Excise Drawback. Excise Drawback is a refund of the duties paid on imported goods that are subsequently processed and re-exported. When a company imports goods that are intended to be used in the production of exported goods, they can apply for an excise drawback. The refund is equivalent to the duties that were paid on the imported goods, and it serves as an incentive for companies to engage in export-oriented production. The process of claiming an excise drawback involves providing evidence that the imported goods were used in the production of exported goods. Once the evidence is provided and the claim is approved, the company receives a refund of the duties that were paid on the imported goods. Overall, an excise drawback is a refund of the duties paid on imported goods that are subsequently processed and re-exported, providing an incentive for companies to engage in export-oriented production.