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Foreign-Trade Zone Consultants
What Is A Foreign-Trade Zone?
A Foreign-Trade Zone is a specially designated area, in or adjacent to a U.S. Customs Port Of Entry, which is considered to be outside the Customs Territory of the U.S.
The following is a partial list of the many benefits you can attain when using Foreign-Trade Zones or Foreign-Trade Zone Subzone:
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No Duty Is Ever Paid On Re-Exported Merchandise from a Foreign-Trade Zone |
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If The Merchandise Is Sold Domestically, No Duty Is Paid Until It Leaves The Zone Or Zones |
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Generally, No Duty Is Paid On Waste Or Yield Loss in a Foreign-Trade Zone or Subzone |
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Duty On Scrap Is Eliminated Or Reduced in a Foreign-Trade Zone |
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Generally, If Foreign Merchandise Is Manufactured within a Foreign-Trade Zone or Subzone Into A Product With A Lower Duty Rate, Then The Lower Duty Rate Applies On The Foreign Content When Duty Is Paid |
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Merchandise In A Foreign-Trade Zone May Be Stored, Repackaged, Manipulated, Manufactured, Destroyed Or Otherwise Altered or Change |
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