Givens’ premier East Coast location, customer service, and Foreign Trade Zone, (FTZ #20) enable businesses to save substantial time and money. International goods and merchandise can be brought into our FTZ without a formal customs entry, the payment of customs duties or government excise taxes. The trade zone can also be used to assemble and distribute products in a favorable tariff environment.

Cash
Flow
Merchandise may be held in a Foreign Trade Zone without customs duty payment. Customs duties are paid only when merchandise is withdrawn from the FTZ, resulting in cash conservation.

Duty
Reduction
Goods imported and stored in a Foreign Trade Zone may be re-exported without incurring customs duties. Time consuming and expensive duty drawback filings are avoided. Customers pay the rate on either component material or finished material, whichever is lower. Products can be assembled or manufactured duty-free.

Inventory
Tax Exemption
By federal statute, tangible personal property imported from outside the U.S. and held in our FTZ is not subject to state and local ad valorem taxes. State and county tax authorities exempt all merchandise in a FTZ from inventory taxation.

Freedom From
Quota Restrictions
Most merchandise may be stored in our FTZ even if subject to U.S. Quota Restriction. Merchandise may also be transformed to a non-quota item, freeing the transformed merchandise from
quota restrictions.

Weekly
Summary Entry
Broker's fees as well as merchandise processing fees are reduced drastically by utilizing the Weekly Summary Entry Program. This program allows the Givens FTZ to file one entry instead of the usual multiple entries each week. A single charge is incurred rather than multiple charges. High value products realize the greatest savings.

Quality
Control
The FTZ may be used to inspect products in order to meet proper specifications before duties are paid. Products not meeting specifications can be repaired,
re-exported, or scrapped without duty payments.

FTZ
Assembly
When importing finished products, U.S. duty is applicable on foreign labor, overhead, and profit since it is included in the value of the product. Substantial savings in duties may be realized by assembling the finished product within the Givens Foreign Trade Zone.