Goods imported into a foreign-trade zone and subject to specific operations (e.g., assembly, manufacture, processing, repackaging, repair, storage, and destruction) are not subject to duty unless they leave the zone for domestic consumption, and even then users can choose the lower duty rate between the component materials and the finished product. Imported goods may be stored, manipulated, or subject to manufacturing operations in a bonded warehouse without payment of duty for up to five years, allowing users to defer payment until the goods are withdrawn for the U.S. market or avoid duty completely if the goods are exported. Temporary importation bonds allow duty-free treatment for up to a year for goods intended for temporary import and subsequent export or for temporary transit within the U.S.
ST&R professionals can evaluate the benefits of each type of program for your company, assess your expected return on investment, and assist with applications, implementation, and operations.
Why Use ST&R's Foreign-Trade Zones, Bonded Warehouses and Duty Deferrals Services
Discernment: different programs are suitable to different circumstances. ST&R professionals have the ability to review your operations and define the best option for your company.
Duty Savings & Deferral: These are legal and efficient ways to reduce or delay your company's duty burden.