Intransit Container, Inc.
   "the port of Worcester"  

The Coastal Foreign Trade Zone

Located in Mansfield, Ma. as part of the 63-acre Advanced Transportation Complex, the Coastal Foreign Trade Zone (FTZ) consists of 9 acres of secured container yard and 1 acre (43,560 sq. ft.) of inside warehouse space. The Coastal FTZ provides companies in the region the opportunity to benefit from both the unique cost reduction features as well as the operational flexibility the Foreign Trade Zones Program has to offer.

What is an FTZ?

An FTZ is an area within the United States, in or near a U.S. Customs port of entry, where foreign and domestic merchandise is considered to be outside the country, or at least, outside of U.S. Customs territory. Certain types of merchandise can be imported into a Zone without going through formal Customs entry procedures or paying import duties. Customs duties and excise taxes are due only at the time of transfer from the FTZ for U.S. consumption. If the merchandise never enters the U.S. commerce, then no duties or taxes are paid on those items.

 

The following is a partial list of the many benefits you can attain when using a Foreign Trade Zone. For more information on the Coastal FTZ please contact:

       Michael Connell at 508-339-1515 or

·  Cash Flow – Inventory can be held in the zone duty-free until shipped to the customer.

·   Exhibition – Merchandise may be held for exhibition to customers without duty payment.

·  Exports – No customs duties are paid on merchandise exported from an FTZ.

·  Country-of-origin – Merchandise may be eligible for Made in USA labeling.

·  Defects/Damage/Waste – Customs duties are not paid on merchandise subject to these losses.

·  Inventory Taxes – Most taxing authorities exempt all merchandise in an FTZ from inventory taxes.

·  Inverted Customs Duty Savings – Unique to an FTZ is the importer’s option to pay the duty rate applicable to either the parts or the finished unit, depending on which is lower.

·  Temporary Removal Procedure – Merchandise may be removed from an FTZ into Customs territory in-bond for certain activities and returned to the FTZ without Customs duty payment.

·   International Returns – No customs duties are paid upon return of exported merchandise.

·  Relabeling or Remarking – Goods may be altered to meet federal or local requirements and submitted to Customs for proper classification

·   U.S. Quota – Most quota-restricted goods can be held in an FTZ and shipped when the quota opens.

·  Value Added Savings – Labor, overhead and profit from production operations are not subject to duty.