Welcome
to the Bergeron Foreign Trade Zone
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| Imports may be admitted and held in a foreign-trade zone without paying U.S. Customs duties. | |
| Foreign Trade Zone users can pay the duty rate on component material or merchandise produced from component material, whichever is lower. | |
| Custom duties are not paid on merchandise exported from a zone. | |
| 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. | |
| Spare parts may be stored, returned, or destroyed without duty payment. | |
| Delays in Customs clearances and duty drawback are reduced or eliminated. | |
| 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. | |
| No
duty is owed on in-bound, zone-to-zone transfer of Foreign Trade Zone merchandise. |
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SPECIAL MONEY SAVING ADVANTAGES: Merchandise processing fee: Customs assesses a "Merchandise Processing Fee" (MPF) per entry which is calculated as 0.21% (.0021) of the full declared value of the merchandise, up to a maximum of $485. Foreign Trade Zones are only required to submit one entry per week for all shipments from the Zone, thus ensuring the maximum MPF of only $485 per week, reducing MPF costs to importers who currently file several entries per week, and pay more than $485 total per week for all entries. Zone-to-Zone Transfers: Imported merchandise which is admitted into a zone and then shipped to another U.S. Foreign-Trade Zone can be shipped duty-free to the receiving zone. As duty-free transfers, Zone-to-Zone shipments allow both the shipping Zone and the receiving Zone to reduce their duty exposure. Duties are eliminated completely on imported components, which are transshipped through several Zones and eventually re-exported. Duty Deferral: While duties are eventually assessed on imported merchandise shipped to U.S. locations from Foreign Trade Zones, these duties are deferred while the merchandise remains in the Zone. The time that duty is paid is moved from the date of importation to the date of shipment from the Zone. The cost-of-money savings on duty deferral can be significant for large-volume distributors, or operations with long inventory turnover periods. Inverted tariffs: When components are imported and admitted into a Foreign-Trade Zone, they can be manufactured into a new product for re-export or sale in the U.S. In these cases, the importer may elect to apply the finished product duty rate, or the component duty rate, whichever is lower. When the finished product rate is lower than the imported component rate, the importer can save the difference between the two rates. Inventory Taxes: In states that assess taxes on business inventories, all imported merchandise, and even domestic merchandise when held for export, can be stored in a Foreign Trade Zone without having to pay business inventory taxes.
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THE
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As
development in South Florida in recent years has led to congestion and
escalating land prices in the Miami-Dade area,
the strategic location of the has begun to be recognized. |
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The proximity of
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For more information about the Bergeron Properties and Investment Corporation, the Bergeron Park of Commerce, and to review the Bergeron Master Plan, please visit Bergeronland.com |