A company wants to minimize tariff costs while avoiding the need to file for duty drawback. Which of the following practices would best achieve this objective?
A.
Adopt Customs Trade Partnership Against Terrorism (C-TPAT) rules
B.
Use foreign/free trade zones (FTZs)
C.
Use an international third-party logistics (3PL) provider
B As The ultimate goal of any FTZ is to encourage foreign investment and exports. Goods can be shipped to an FTZ without incurring duties or being subject to quotas
B By using a Foreign-Trade Zone, the company avoids the lengthy Customs duty drawback process. No duty is paid on goods destroyed in the zone, which can ...
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