Port of Palm Beach Other service
Foreign-Trade Zone #135
Grantee of Foreign-Trade Zone #135 serving Palm Beach, Martin and St. Lucie Counties with duty exemption, deferral and inverted tariff benefits.
Description
The Port of Palm Beach is the grantee of Foreign-Trade Zone (FTZ) #135, offering companies duty relief or deferment since 1987, inside the Port or throughout Palm Beach, Martin and St. Lucie Counties.
Key features
- Duty exemption: no duties or quota charges on re-exports
- Duty deferral on customs duties and federal excise tax for imports
- Inverted tariff benefits (with prior authorization)
- Streamlined customs procedures such as weekly entry or direct delivery
- Exemption from state and local inventory taxes for foreign goods and domestic goods held for export
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