Seminar Sneak Peek: Bonded Warehouse vs. FTZ

June 25, 2012
By Michelle Kelley

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Here’s a sneak peek at one of the handouts from our upcoming seminar,Effective duty deferral, avoidance, and recovery strategies.

Making use of a bonded warehouse or foreign trade zone are two strategies that we will be covering during this seminar.

Let’s compare: Bonded Warehouse (BW) vs. Foreign Trade Zone (FTZ)

Duty based on
(BW) Value of goods when entered into warehouse
(FTZ) Value of goods when entered into zone -OR- classification of goods after manufacture/further processing

Duty due
(BW) Prior to withdrawal of goods from warehouse
(FTZ) When goods enter U.S. Customs territory

Customs entry savings
(BW) None. Pay broker per entry.
(FTZ) Save by using one consolidated entry per week. Pay broker for the single entry.

Learn more at our seminar in Syracuse on July 11. For registration and more information, click here.