Port Authority of New York and New Jersey Other service
Foreign Trade Zone 49
Administration of Foreign Trade Zone 49 at the Port of New York and New Jersey, allowing deferred, reduced or eliminated customs duty.
Description
The Port Authority of New York and New Jersey is grantee of Foreign Trade Zone 49, administering and managing the zone and acting between the operator and the Foreign Trade Zone Board. In an FTZ, U.S. Customs and Border Protection treats goods as outside national borders.
Key features
- No duty on re-exported goods
- Deferred duty while goods are in inventory
- Reduced duty on component materials
- Weekly entries and improved customs compliance
Applications
Importers, exporters and logistics operators moving goods through the port.
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