Foreign-Trade Zone vs. Bonded Warehouse
|
Foreign-Trade Zone |
Bonded Warehouse |
|
Outside Commerce of the US |
Warehouse Entry into the Commerce |
|
Advanced Inventory Methods |
Limited Inventory Methods |
|
Combine Domestic and Foreign Merchandise |
May not combine Domestic and Foreign |
|
Reduced Customs Liabilities for Imports |
Increased Customs Involvement/ Increased Customs Liabilities |
|
Direct Delivery; receive merchandise 24/7 without Customs prior clearance |
No Direct Delivery |
|
Estimated Weekly 7512 |
No Weekly 7512 |
|
Estimated Weekly Entry (One MPF per Week) |
No Weekly Entry (Merchandise Processing Fee charged per Entry) |
|
No Customs Entry - Admitted on CBP 214 |
Entry made on CBP 7501 |
|
Choose PF or NPF status |
Duty paid at rate in effect at withdrawal |
|
Manufacturing may occur in zone with FTZB approval |
Manufacturing in Class 6 for export only |
|
Broad range of scrap/waste savings |
Limited scrap/waste savings |
|
Merchandise can remain in FTZ indefinitely |
Can only remain for 5 years from importation |
