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    当前所在页面位置: 首页 > jn体育app下载 How Foreign Trade Zones Benefit Businesses
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    How Foreign Trade Zones Benefit Businesses
    浏览量:192 | 回复:0 | 发布时间:2018-09-04 15:15:17

    Today, North America businesses are utilizing Foreign Trade Zone (FTZ) to better manage their global supply chain costs. Increasingly, many companies are looking at FTZ as a competitive alternative to a domestic distribution center. In addition to the advantages of duty-deferral and duty avoidance on their imports, companies can perform kitting and distribution operations within the FTZ without paying duty on the labor. Location to key markets in North America within a day's drive is a prime consideration to the section of your FTZ.

    Many companies have selected Speed Global Services-- headquartered in Buffalo, NY--for these reasons, in addition to our overall professional guidance around FTZ.

    The key benefits of a FTZ are:

    Duty Deferral

    You'll realize improved cash flow as Customs duties are only paid when imported merchandise is entered into the U.S. Customs territory. Goods may be held indefinitely in a FTZ without Customers duty payment.

    Duty Avoidance

    There are no duties paid on merchandise exported from a FTZ, transferred to another zone or destroyed. This eliminates the need to manage costly and time consuming Duty Drawback programs.

    Duty Inversion

    The user may elect to pay the duty rate applicable to either the component materials ore the finished goods produced from raw materials, depending on which is lower.

    Inventory Tax Incentives

    Companies that hold goods in a FTZ are allowed exemption from inventory taxes. Also, certain tangible personal property is generally exempt from state and local ad valorem taxes.

    Strategic Location

    Buffalo, New York is strategically located to major markets in the U.S. and Canada. Your product will reach most cities within a 500-mile radius overnight at minimal freight costs.

    Non-Dutiable Labor, Overhead and Profit

    There are no duties applicable on labor, overhead or profit to operations performed within a FTZ.

    Weekly Entry

    Customs allows for a weekly entry processing, which benefits importers because they pay Merchandise Processing Fees capped at $485 on a weekly basis, versus a per shipment basis.

    Enhanced Security



    Article Source: http://EzineArticles.com/601458

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