Making Importing and Exporting Easy
Monroe County Foreign Trade Zone #141 helps make importing and exporting easy and can save your company money.
In today's increasingly competitive environment, your business needs every possible advantage to succeed. That's why it makes sound business sense to conduct your operations from the Monroe County Foreign Trade Zone #141.
Monroe County Foreign Trade Zone #141 has designated two general purpose sites in Monroe County. These sites are operated by Monroe Foreign Trade Zone Operators, Inc. at 39 Breck Street, Rochester, NY 14609 and Supply Chain Services at 847 West Ave., Building 10, Rochester, NY 14611.
A foreign trade zone is a site within the United States designated by the Department of Commerce where foreign and domestic merchandise is considered to be in international commerce. Because a foreign trade zone is considered to be outside the Customs Territory of the U.S. foreign or domestic merchandise may enter this enclave without a formal Customs entry, or the payment of Customs duties or government excise taxes.
When a final product is exported from a foreign trade zone, no U.S. Customs duty or excise tax is levied. If, however, the final product is imported from the foreign trade zone into the U.S., Customs duty and excise taxes are due only at the time of formal entry into the U.S. The duty paid is the lower of that applicable to the product itself or its component parts. It's easy to see that a foreign trade zone provides opportunities for Customs duty savings. It also offers one of the most flexible methods of handling domestic and imported merchandise.
For more information about how Monroe County Foreign Trade Zone #141 can help your business with international trade, please contact 585 753-2000.