FTZ vs Bonded Warehouse

Published on February 8, 2019 Formal Customs Entry Bonded Warehouse A bonded warehouse is within U.S. Customs territory. Thus, Customs entry must be filed before goods enter a warehouse. Foreign Trade Zone A foreign Trade Zone is not considered within U.S. Customs territory. Thus, Customs entry is filed just prior to removal of goods from the Zone and only for …

Top 8 Benefits of Foreign Trade Zones

Published on January 2, 2019 A Foreign-Trade Zone (FTZ) is a secure, access-restricted, Customs & Border Protection privileged area in or near a U.S. port of entry where both foreign and domestic merchandise may be admitted, stored, exhibited, manipulated, temporarily removed, manufactured, or destroyed duty-free! Duties, certain user fees and taxes are only assessed on products that are transferred out …