The federal government’s Foreign Trade Zone Program (FTZP) provides a variety of import and export benefits. Qualified companies can improve cash flow, lower inventory cost and improve their bottom lines through deferring, reducing or eliminating customs duties. JGI professionals can position your company to exploit the benefits offered by FTZP. Assistance is provided through the application process, activation period and continuing foreign trade zone operations. Contact us for a savings analysis specific to your company.
Foreign Trade Zone Services Benefits:
Foreign Trade Zone Services Benefits:
- Duty Deferral services improve cash flow by eliminating duty liability until the time the inventory exits the FTZ and enters the United States. Inventory is not subject to storage time limits and it may be imported into and re-exported from a foreign-trade zone without incurring duty liability.
- Lower Duty Rates are realized when the duty rate on the finished product is lower than the duty on the imported components.
- Quota Restrictions Avoidance is possible by holding over-quota merchandise in a zone until the next quota period begins. Additionally inventory may be used as a component part of a product that is not over quota