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:

• No Duty Is Ever Paid On Re-Exported Merchandise from a Foreign-Trade Zone
   
• If The Merchandise Is Sold Domestically, No Duty Is Paid Until It Leaves The Zone Or Zones
   
• Generally, No Duty Is Paid On Waste Or Yield Loss in a Foreign-Trade Zone or Subzone
   
• Duty On Scrap Is Eliminated Or Reduced in a Foreign-Trade Zone
   
• 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
   
• Merchandise In A Foreign-Trade Zone May Be Stored, Repackaged, Manipulated, Manufactured, Destroyed Or Otherwise Altered or Change

CALL THE SPECIALISTS AT BAY LOGISTICS FOR FURTHER DETAILS 231-578-7989

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