Foreign Trade Zone (FTZ) And Duty Drawback

Foreign Trade Zone (FTZ) And Duty Drawback

When an importer whose products are eventually sold for exports seeks to mitigate the impact that duties have on their products, two main options emerge: foreign trade zone or duty drawback. Both function as legal methods to either lessen, eliminate, or refund duties...
Understanding the Basics of Classification

Understanding the Basics of Classification

If you work at a business that is contemplating or currently involved in the import of goods to the United States, then you will become unavoidably familiar with the complex system used for classification of your goods for import or export. The United States uses the...