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| THE ADVANTAGES OF A FOREIGN TRADE ZONE: |
| Ten Ways Your Company Can Profit From Using A Foreign Trade Zone: |
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Imports may be admitted and held in a foreign-trade zone without paying U.S. Customs duties. |
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Custom duties are not paid on merchandise exported from a zone. |
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Duties are reduced or eliminated on materials subject to defect, damage, obsolescence, waste, scrap or yield loss (e.g. chemical waste). |
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Merchandise may be exported and returned to an FTZ without duty payment. |
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Spare parts may be stored, returned, or destroyed without duty payment. |
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Delays in Customs clearances and duty drawback are reduced or eliminated. |
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Duties are not owed on labor, overhead, or profit attributed to
FTZ production operations. |
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Quality control inspections can identify sub-standard goods to be destroyed or returned without duty payment. |
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No duty is owed on in-bound, zone-to-zone transfer of
Foreign Trade Zone merchandise. |
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