Foreign-Trade Zone (FTZ)

Your organization should establish and manage foreign-trade zones and bonded warehousing operations to:

  • Reduce or eliminate duties on manufactured goods
  • Reduce Merchandise Processing and other import fees
  • Eliminate duties on waste, scrap and production yield loss

Key Challenges

  • FTZ activation - An incomplete plan or unsustainable process can result in your company losing approval by the FTZ Board

  • Time consuming administration - Your organization can be burdened with the meticulous record-keeping required for products entering and exiting zones

  • Lack of expertise - Knowledge shortcomings often result in avoiding FTZs all together

Capabilities

  • FTZ compliance
  • Accelerate the process for establishing an FTZ as well as ensure your company’s compliance with documentation and reporting requirements.
  • Inventory control and recordkeeping
  • QAD’s solution properly tracks, by value and quantity, and prepares weekly estimates for you by Harmonized Tariff Schedule of the United States (HTSUS).

  • eFiling
  • You can create all necessary reports and electronic files for filing with Customs such as 3461/7501, e214, ISF ACE and others.
  • Auditing and reporting
  • A permanent audit trail allows you to easily prepare for any CBP review or audit. You can simply drag and drop supporting documents such as BOL, invoices, in-bond documents and others from emails, or upload from the network or local computer.

Further Information

Everything You Want To Know About Foreign-Trade Zones

What is a Foreign-Trade Zone (FTZ)?

Eliminating and Reducing Duties with FTZs

Let's Talk

I'm interested in QAD Adaptive Applications.