Zone Status
This status is assigned to imported merchandise on which all duties have been paid prior to receipt.
"Domestic" Status
This Duty Benefit represents the Savings realized by payment of duty at the time of shipping from the FTZ.
Duty Deferral
The acronym used by CBP for reporting FTZ inventory transactions beginning with the oldest receipts.
FIFO - First In, First Out
This term is used for the physical arrival of goods into a Zone with the approval of CBP.
Admission
The “F” in FTZ stands for this.
Foreign
This status is assigned to merchandise that can only be exported or destroyed.
"Zone-Restricted" Status
This Duty Benefit represents the Savings realized by admitting goods in Zone Restricted Status qualifying them for Drawback filing.
Duty Recovery
This acronym used by some companies is NOT a pre-approved method for tracking inventory.
LIFO - Last In, First Out
This term is used to describe the mixing of identical merchandise in inventory from different countries.
Commingle / Commingling
The average range of time taken to complete the setup of a Production FTZ Facility.
7-to-9 Months
This status is assigns the Duty Rate at the time of Admission to the FTZ Site.
"Privileged Foreign" Status
This Duty Benefit represents the Savings realized by manufacturing a new item with a lower duty rate inside the FTZ.
Duty Reduction / Inverted Tariff
The method used by CBP for reporting FTZ inventory transactions in a Petroleum FTZ.
Attribution
This term is legal fiction that permits the acceptance of a Customs Entry for merchandise before its physical transfer.
Constructive Transfer
This 3PL currently has the most FTZ Sites in the US.
Geodis Logistics
This status assigns the Duty Rate at the time of Withdrawal from the FTZ Site
"Non-Privileged Foreign" Status
This Duty Benefit represents the Savings realized by re-exporting imported goods to a non-US destination.
Duty Avoidance
The acronym used by CBP for reporting FTZ inventory transactions beginning with the oldest “foreign” receipts.
FOFI - Foreign First
This term is used for merchandise that is identical & interchangeable in all situations.
Fungible
This State has the most FTZ Grantees & FTZ Subzones in the Country.
Texas