Spartan Logistics operates in a
Sub-Zone to Foreign Trade Zone number 8 at our Oregon, Ohio campus.
Foreign Trade Zones are treated as being
outside of the United States. Under Foreign Trade Zone procedures,
foreign and domestic merchandise may be admitted into the zone without being
subject to formal customs entry procedures, the payment of customs duties or
the payment of federal taxes.
Within the Foreign Trade Zone merchandise
may be:
Stored
Kitted
Tested
Processed
Sampled
Cleaned
Assembled
Repaired
Displayed
Salvaged
Relabeled
Destroyed
Advantages of a Foreign Trade
Zone are:
Deferral of Duties
- Custom duties are paid only when and if merchandise is transferred into
U.S. Customs territory. Delayed duty payments equates to
cash flow savings.
Elimination of Duties
- No customs duties are paid on merchandise exported from a Foreign Trade
Zone. Sort test, and repackage foreign goods in the Foreign
Trade Zone before exporting them back out of the U.S. and
duty is never paid.
Ohio Inventory Tax
Exemption
Quotas -
United States quota restrictions do not apply to merchandise admitted to
Foreign Trade Zones, though quotas will apply if and when the merchandise is
subsequently entered into U.S. commerce.
Weekly Entry Savings
- With permission from U.S. Customs, weekly entry is allowed for Foreign Trade
Zone users. this allows the Foreign Trade Zone customer to file only one
customs entry per week instead of filing one for every shipment, saving the
fees associated with the processing of multiple entries.
copyright
Spartan Logistics 2004, all rights reserved
