Timothy Palisano (716) 823-2142 or (716) 874-1380

It is an isolated, enclosed, policed area under the supervision of designated federal officials, operated as a public utility by a corporation, either public or private. It is in or adjacent to a port of entry, furnished with the necessary facilities for loading and unloading for the storage of goods and for re-shipping of the same if necessary. It is an area into which goods may be brought, stored, subjected to certain specified operations, be manufactured/assembled and/or exhibited. Your imports that are to be re-exported goods can be landed and stored, duty and bond free. There is twenty-four hour a day protection for your goods. Your property can be stored or be on exhibit indefinitely, duty-free. You may fill orders and ship to any customer at any time. Your goods are always available. You pay no duties on exports. Damaged or unsaleable goods may be salvaged and made marketable in the FTZ while looking for a buyer. They may be re-exported, duty-free, later at your convenience. Prospective customers may inspect your wares while stored at the FTZ as the FTZ offers complete exhibit facilities where new products may be shown to potential purchasers without the usual Customs requirements.

Customs duties are paid only when imported merchandise is shipped into U.S. Customs territory. Merchandise may be held in inventory in a FTZ without Customs duty payment resulting in cash conservation. Goods imported and stored in a FTZ may be re-exported without ever incurring Customs duties. By Federal statute, tangible personal property imported from outside the U.S. and held in a FTZ, and tangible personal property produced in the U.S. and held in a FTZ for exportation are not subject to state and local ad valorem taxes. Most State and County tax authorities exempt all merchandise in a FTZ from inventory taxation. Correct marking and/or labeling may be applied on merchandise in a FTZ that is not labeled, or is incorrectly labeled. This can substantially reduce expenses for improper marking on goods entering the U.S. In addition to cash flow savings, merchandise shipped in bond to a nearby FTZ allows you close control over your goods as well as avoiding costly financial and import services. Production or assembly operations within a FTZ can result in significant savings. By importing finished product, U.S. duty is applicable on foreign labor, overhead and profit since it is included in the value of the product. Substantial savings in duties may be obtained by making the finished product within a FTZ.