Trade Incentive Program Rate

This page is accessed via Master Data > Power Data > Trade Incentive Programs > Trade Incentive Program Rate.

Duty drawback is the amount received as refund of certain duties, internal revenue taxes, and certain fees collected upon the import of goods and returned when the same goods are exported or destroyed.

In this page you can specify the rates that will be used to calculate the drawback amount for a certain trade incentive program.

Adding a Trade Incentive Program Rate

1. Enter a unique identifier in the Trade Incentive Program Rate ID field. You will use this ID when you refer to this trade incentive program rate on other pages.
2. Enter the name of the trade incentive program rate in the Name field.
3. Select the Active check box to mark the rate as active.
4. Enter an ID in the Trade Incentive Program field to associate this rate with the program.
5. Enter product classification codes in the Start Classification Code and the End Classification Code fields. The rate will be applied to the products having the codes mentioned in these fields.
6. Enter the validity period of the rate in the Effective Date and Expiration Date fields.
7. Enter an ID in the Trade Incentive Program Rate Type field to associate this rate with a rate type.
8. Enter a rule ID in the Trade Incentive Program Rule field to associate this rate with a specific rule.
9. Enter a number in the Priority field to indicate the priority in which this rate will be applied.
10. If desired, enter additional information about the rate in the Description field.

Adding a Duration

Use this section to record the duration that the goods might have remained in the country for which the specific rates apply.

1. Enter a number in the Sequence field. This will specify the order in which this rate will be applied.
2. Enter the number of years in the Duration From Years and Duration To Years fields.
3. Enter the number of months in the Duration From Months and Duration To Months fields.
4. Enter the number of days in the Duration From Days and Duration To Days fields. This will help in determining the drawback rate during value calculation.
5. Enter the rate percentage that will be used to calculate the drawback amount in the Rate Percentage field.
6. Click Save.
7. Click Finished.