Foreign Trade Zone - Findlay,
Ohio - Tall Timbers International Business Community
Foreign-trade zones, or FTZs, are physical areas within the United States
that are treated by customs as though they were outside of the U.S. border.
- General Purpose Foreign Trade Zone in Findlay, Ohio (#151). The creation
of an FTZ must be federally approved by the Foreign-Trade Zones Board.
- HW Management's Foreign Trade Zone (Customs Service) provides many advantages
to businesses engaged in the import and export of goods for warehousing/distribution
and manufacturing operations.
- A Foreign Trade Zone (FTZ) is a specific location within the United States,
in or near a United States Customs Port of Entry, where foreign and domestic
merchandise is generally considered to be in international commerce. Foreign
or domestic merchandise may enter this location without a formal Customs entry
and the payment of duties or excise taxes.
- HW Mangement offers Public Warehousing within their Foreign Trade Zone dealing
in space storage, consolidation, distribution, light assembly, pick and pack,
fullfilment, management and logistics.
- The purpose of Foreign-Trade Zones and Subzones is to stimulate international
trade and create jobs and investment in the United States rather than abroad.
- Foreign-Trade Zones (FTZ) are secure areas under US Customs
supervision that are generally considered outside the Customs territory upon
activation. Located in or near US Customs ports of entry. They are the United
States version of what are known internationally as free-trade zones.
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Hw Management provides a high-quality, comprehensive solution for your warehousing
and logistics needs, either in Findlay, Ohio or in one of our remotely-managed
locations.
If your Company |
Potential Benefits within a Foreign Trade
Zone may be: |
- Imports or Exports Products
- Purchases Imported Products from Domestic Vendors
- Re-exports Imported Products
- or Claims Drawback on Products Handled for Export
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- Stored
- Tested
- Assembled
- Processed
- Mixed
- Cleaned
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- Manufactured
- Repackaged
- Relabeled
- Repaired
- Sampled
- Displayed
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| For complete details
on terms and conditions of FTZ guidelines, please contact the Community
Development Foundation |
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The Advantages of Using a Foreign-Trade Zone
Customs duty and internal revenue tax, if applicable, are paid when the merchandise
is transferred from the zone for consumption.
While in the foreign trade zone, merchandise is not subject to U.S. duty
or excise tax. Certain tangible personal property is generally exempt from state
and local ad valorem taxes.
Goods may be exported from the foreign trade zone free of duty and excise
tax.
US Customs security requirements provide protection against theft.
All merchandise may remain in a foreign trade zone indefinitely, whether
or not subject to duty.
The rate of duty and tax on the merchandise admitted to a foreign trade zone
may change as a result of operations conducted within the zone. Therefore, the
foreign trade zone user who plans to enter the merchandise for consumption to
the Customs territory may normally elect to pay either the duty rate applicable
on the foreign material placed in the foreign trade zone or the duty rate applicable
on the finished article transferred from the foreign trade zone whichever is
to his advantage.
Any merchandise imported under bond may be admitted to a foreign trade zone
for the purpose of satisfying a legal requirement of exporting the merchandise.
For instance, merchandise may be admitted into a foreign trade zone to satisfy
any exportation requirement of the Tariff Act of 1930, or an exportation requirement
of any other Federal law (and many state laws) insofar as the agency charged
with its enforcement deems it so. |
Findlay
Ohio - Warehouse & Management Headquarters
