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Export rebate scheme

In the UK, up until March 1968, certain exported goods were relieved from some taxation (e.g. hydrocarbon oil duty. motor vehicle duty and some elements of purchase tax). Reliefs varied from l’/4 to 3Vi per cent of the export price. To be eligible, goods had to be at least 20 per cent U.K. manufactured. Where E.F.T.A. benefits were available, export bates did not apply. No export rebates wereavailable after March 1968 except on contracts entered into before 19 November 1967.

Reference: The Penguin Business Dictionary, 3rd edt.