FTZ BENEFITS

"Being an FTZ #106 magnet site expands our potential client pool and is a major incentive for companies to locate here. It shows we are serious about business being located at Iron Horse."
James Collard, Citizen Potawatomi Nation
Tribal Economic Development Director

Until merchandise is shipped from the Zone into Customs territory.

DUTY-DEFERRAL

Most merchandise subject to quotas until the quota opens and/or the ability to bring such goods into the Zone and subsequently re-export them.

ABILITY T0 HOLD

No duties or quota charges on re-exports.

DUTY EXEMPTION

In situations where zone manufacturing results in a finished product that has a lower duty rate than the rates on foreign inputs, the finished products may be entered at the duty rate that applies to its condition as it leaves the zone.

INVERTED TARIFF

Maximum payment of $485 filed weekly versus 0.21% of the total value of each shipment filed individually

REDUCED MERCHANDISE PROCESSING FEES

FTZ companies may have access to streamlined customs procedures

SHORTER DELIVERY TIMES

The FTZ may be used for quality control inspection to ensure that only products that meet specifications are imported. Substandard goods can be destroyed or returned before duty is paid.

QUALITY CONTROL

Foreign goods and domestic goods held for export are exempt from state/local inventory taxes. FTZ status may also make a site eligible for state/local benefits which are unrelated to the FTZ Act.

TAX BENEFITS

Just-in-time delivery, quotas, and reduced Customs delays.

INCREASED FLEXIBILITY 

Be transferred under bond from one FTZ to another, possibly across the country. Duties are not owed until the merchandise is finally admitted into the U.S. Customs territory.

ZONE TO ZONE 

TRANSFER

* FTZ programs can be combined and layered for optimal savings.