A Foreign Trade Zone designation encourages international commerce at The Port of Caddo-Bossier and offers businesses many cost-saving advantages:
The FTZ offers small- and medium- sized businesses (less than 500 employees) reduced costs of access through simpler application processes and shortened application time frames when businesses are locating in existing FTZ space.
- Under the supervision of U.S. Customs and Border Protection, foreign goods may enter
The Port of Caddo-Bossier duty and quota free for an unlimited period of time.
- While in the zone, goods may be stored, manipulated, mixed with domestic and/or
foreign materials, used in a manufacturing process or exhibited for sale.
- Imported goods assembled or manufactured in a zone may be subject to a lower duty
rate. Duty is assessed on the value of the imported parts at the duty rate applicable to the
imported parts or applicable finished product, whichever is lower. Duty is not assessed on
U.S. labor or materials used in assembly or manufacturing.
- Since there are no time restrictions, merchandise may be stored indefinitely without duty
until it is sold and moved out.
- Damaged, defective or non-salable merchandise may be destroyed without being subject
to U.S. customs duty.
- Merchandise may be exported without being subject to U.S. customs duty.
U.S. Customs Port of Entry designation allows The Port of Caddo-Bossier customers' goods to reach the dock at The Port without ever stopping to clear customs along the way. The Port's designation allows all customs' entry and exit procedures to be followed on site without an additional stop.
Primary functions of a U.S. Customs Port of entry include:
- regulating and facilitating international trade
- collecting import duties
- enforcing U.S. trade laws