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| Topic : Gaining Benefits of duty free work areas (Free Trade Zone) |
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Export & Import Merchandise
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Question posted: 02 03 2009 13:29:07 +0000,
1 answers, 248 views, last activity
07 06 2010 20:18:08 +0000
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Should I pay taxes if goods arrive at FTZ and I take that goods out of Free trade zone, will i benefit by not paying taxes or should I pay taxes ?
1 Answers for "Should I pay taxes if goods arrive at FTZ ?"
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No taxes are payable if goods arrive at FTZs, but when the goods leave the FTZ area and enter into other territory, you need to pay taxes. Sorry u wont be benefited taking goods out of FTZ area. FTZ ostly benefit all traders, particularly re-exporters and transhippers. Also keep in mind that only Dutiable goods can be stored in FTZs, except for intoxicating liquors and tobacco products, which must be stored in Licensed Warehouses.
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