Lake Superior Warehousing Co.

Seamless Transport with 3PL Warehousing Services

What are the benefits of a Foreign Trade Zone?

 

•  No duty Is ever paid on re-exported merchandise from a Foreign Trade Zone

 

•  If the merchandise is sold domestically, no duty is paid until it leaves the Zone

 

•  Generally, no duty is paid on waste or yield loss in a Foreign Trade Zone or Subzone

 

•  Duty on scrap is eliminated or reduced in a Foreign Trade Zone

 

•  Generally, if foreign merchandise is manufactured within a Foreign Trade Zone or Subzone into a product with a lower duty rate, then the lower duty rate applies on the foreign content when duty is paid

 

•  Merchandise in a Foreign Trade Zone may be stored, repackaged, manipulated, manufactured, destroyed or otherwise altered or changed

Lake Superior Warehousing Company, Inc.  1310 Port Terminal Drive  Duluth, MN 55802

(218) 727-6646  Fax: (218) 727-6649

 

© 2016 Lake Superior Warehousing Co., Inc.