Foreign Trade Zone 90
What are Foreign Trade Zones (FTZ's)?
Foreign Trade Zones (FTZ’s) are land areas within the United States that are legally considered outside of the United States Customs and Border Protection Agency’s authority. Merchandise can be imported to these zones and allow companies to save time and money on duties, tariffs and production costs.
Foreign Trade Zone 90 is located within the counties of Oswego, Onondaga, Cayuga and Madison. The proximity to New York markets, railways, airports and Lake Ontario allows for a vast number of areas in which your business may choose to export your goods to.
What are the benefits of a Foreign Trade Zone?
Foreign Trade Zones allow for no duties and federal excise taxes to be paid until a finished production is brought from the FTZ to the domestic market territory or a North American Free Trade Agreement (NAFTA) country. Additionally, there is no time limit of which merchandise can remain in the zone.
Duty and Quota charges do not apply while merchandise is in the FTZ. Duties are not paid on waste, scraps or defective merchandise that does not enter the US market. Duties are paid at lower tariff rates when the finished product enters the market.
Reduced Processing Fees
Processing Fees are reduced through the Weekly Entry Process allows good to be shipped at any times, 7 days a week, with only one entry filed each week and one Merchandise Processing Fee per entry.
After the merchandise has been approved from customs, imported goods may be directly delivered into the zone.
Your company is able to hold goods and merchandise in a FTZ indefinitely or until ports are opened. The goods are not subject to quota restrictions and can be entered into US commerce at any time.
Easily Manage Inventory
FTZ’s give your company the opportunity to closely track your inventory. When goods are brought in to a warehouse that you control, you are able to identify and manage them, instead of being under Customs control.
Our Foreign Trade Zone: FTZ #90
Ready to apply for a subzone or usage-driven site? Download the application here.
Download our savings calculator to find out how much money your business could save by utilizing a Foreign Trade Zone.
Need more information? Let us help.
Want to learn even more about Foreign Trade Zones? Visit the links below.
Genevieve SuitsGrantee, FTZ 90333 W. Washington StreetSuite 130Syracuse, NY 13202(315) 435-3770GenevieveSuits@ongov.net