Foreign-Trade Zone
- Outside Commerce of the US
- Advanced Inventory Methods
- Combine Domestic and Foreign Merchandise
- Reduced Customs Liabilities for Imports
- Direct Delivery; receive merchandise 24/7 without Customs prior clearance
- Estimated Weekly 7512
- Estimated Weekly Entry (One MPF per Week)
- No Customs Entry - Admitted on CBP 214
- Choose PF or NPF status
- Manufacturing may occur in zone with FTZB approval
- Broad range of scrap/waste savings
- Merchandise can remain in FTZ indefinitely
Bonded Warehouse
- Warehouse Entry into the Commerce
- Limited Inventory Methods
- May not combine Domestic and Foreign
- Increased Customs Involvement/ Increased Customs Liabilities
- No Direct Delivery
- No Weekly 7512
- No Weekly Entry (Merchandise Processing Fee charged per Entry)
- Entry made on CBP 7501
- Duty paid at rate in effect at withdrawal
- Manufacturing in Class 6 for export only
- Limited scrap/waste savings
- Can only remain for 5 years from importation