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•1 <br /> .. , - /9/2 1 •fl 7 <br /> (.6,_) , <br /> AGENDA ATTACHMENT 10 - <br /> . , <br /> GENERAL Ativxmczs AIECBDED NE 70BEIQI TZADE ZONES • <br /> . , <br /> . . <br /> • -. • <br /> . : . <br /> Imparted goods map be landed aid stared or rg-exported without regard <br /> for customs 4 , quotas or bond requirements. This saves operating •_. <br /> . capital by deferring duty payments on imports. Sales can be made pending .---.. <br /> p" <br /> quota period'opening. <br /> --Goods may be exhibited and/or sampled while in duty-free statmi. <br /> --Tre-determination of duty on goods can be obtained, thus avoiding <br /> possible duty increases caused by foreign currency fluctuations. When <br /> later cleared, these goods receive the duty rate obtained. <br /> --Ins-cm-once costs are reduced, based on value of goods plus freight-- <br /> nor plus duty and taxes. <br /> - . <br /> __No bond is required for missing nerchandise documents. Merchandise <br /> may be rn-71,taired in a zone while producing lost doom:tents. <br /> --Sub-standard goods rap be discarded, thus saving duty payoenz. No . <br /> duty is paid for shrinkage, evaporation, seepage, damage and accountable <br /> loss. Damaged goods may be salvaged and held for re-export. <br /> ' <br /> . --On merchandise exports, the zone 04Tonates .dratihack = bond proce- <br /> dures, meaning immediate tam or duty refunds. <br /> • For the processor or umnufacturer some examples of zone advantages <br /> • are: <br /> . - <br /> • ' - <br /> -- eduction of duties and/or freight charges by permitting the processor <br /> to select the best basis for duty payment by manipulation of merchandise . <br /> to gain .lower rate--i.e., disassembled if that rate is lower. <br /> - . . <br /> ation of waste materials in rlanufacturing, thus reducing duty . <br /> payment. Zaports are duty-free and quota-free. • ' <br /> 0--By combining domestic and foreign components in a manufacturing process; <br /> the basis of duty is on foreign components only—and then only if imported. <br /> Also permits qualifying under Federal Trade Commission rules for "Made in <br /> Libel when added value by manufacturing eAceeds 50 percent of total <br /> costs. . , <br /> . . ... <br /> —Allows user to predetermine dump on raw material before ranufactur4ng <br /> thus saving percentage of duty rate. . <br /> ' . <br /> —Allaws re-marking and re-labeling or modifying and altering of march: <br /> to.confarm to import regulations, thus elimin ating costly- fines. <br /> . . <br /> . . . <br /> . , . • <br />