Duty Deferral: No duties are due until you withdraw products from the FTZ
Manipulation: Products are allowed to be assembled, transformed, re-exported, and more inside the FTZ without any duties paid. Domestic product is able to enter into the FTZ and comingle with foreign product.
Inverted Tariffs: Choice of duty to be applied to finished product, components, or parts. If the tariff rate is lower on finished product, we can assemble in FTZ and enter into United State under the lower tariff rate!
Duty Exemptions: Instead of filing for Drawback, we can re-export your products from the FTZ without paying the duties. We can even add domestic product or manipulate to a different commodity code and export without paying duties!
Paperwork & Fee Savings: File entry ONCE a week no matter the amount of shipments. Save on your Merchandise Processing Fee (MPF) and Customs Broker fees by filing weekly versus per shipment.
Time Savings: Build a relationship with Customs by utilizing the FTZ. Typically companies save time on the inspections and port entries with the Foreign Trade Zone.
FDA, EPA, USDA Inspections: Federal inspections can be done in the FTZ instead of the port saving you time!
Excise Tax Exemption: Domestic product subject to an excise tax can be placed in a FTZ. This will consider the alcohol to have been “exported” and no excise tax is due. Your distributor can pick up from the FTZ and export by a small or large shipment!
Quotas: Goods that are subject to a quota can be stored in the FTZ. When the quota opens, your product is already on US soil and therefore can apply for entry.
Exhibit: Products that are entered for exhibition through the FTZ do not have to pay the duty.
Marking Standards: Ever have product that is marked incorrectly? The product can be shipped to the FTZ and the markings can be fixed inside the FTZ.
Contact us for a cost-benefit analysis or to learn more about the Foreign Trade Zone