Duty Deferral / Cash Flow

FTZ Academy / Duty Deferral / Cash Flow

The Duty Deferral program allows companies to defer their duty payments until their products leave the Foreign Trade Zone (FTZ). This program can provide significant cash flow benefits for companies and help improve their bottom line.

What are the benefits of the Duty Deferral program?

  • Improved cash flow: By deferring duty payments until their products leave the zone, companies can improve their cash flow.
  • Reduced compliance risk: An FTZ can help companies reduce their compliance risk by allowing them to store, handle, and manufacture goods in a secure and controlled environment.
  • Documentation management: ITC Diligence International Inc. can assist clients with documentation management to ensure compliance with customs regulations.

ITC Diligence International Inc. is committed to helping clients take advantage of the benefits of the Duty Deferral program. ITC Diligence International Inc. can provide guidance on the FTZ application process, help clients understand their eligibility for the program, and assist with documentation management to ensure compliance with customs regulations.

Additionally, the Duty Deferral program can be especially beneficial for small and medium-sized businesses that may not have the financial resources to pay customs duties upfront. By deferring their duty payments, these companies can manage their cash flow more effectively and allocate resources towards other business priorities.

ITC Diligence International Inc. has over 3 decades of experience helping importers and exporters navigate the Duty Deferral program and can provide guidance on the various requirements and regulations involved. Logistic experts at ITC Diligence International Inc. can also help clients optimize their FTZ operations and identify opportunities for cost savings and process improvements.

Contact ITC Diligence International Inc. today to learn more about how the Duty Deferral program can benefit your business and how we can assist you in taking advantage of this program.

FTZ Academy - Duty Deferral / Cash Flow