Summary
An FTZ statue allows a business to import/export foreign goods or materials, place their goods in the zone, without formal U.S. Customs entry and excludes paying formal duties, or government excise taxes until the product enters the US market. San Antonio is an FTZ Alternative Sites Framework location.
San Antonio is home to Foreign Trade Zone (FTZ) #80. San Antonio operates under the alternative Sites Framework FTZ#80 which allows businesses to locate anywhere in the FTZ#80 region and receive benefits. FTZ consists of all of Bexar County, as well as parts of Comal and Guadalupe counties.
Benefits:
- Avoid payment of duties on imported goods that are later re-exported or are used in manufacturing domestic goods
- Delay payments of duties on goods that enter the U.S. market
- Eliminate duties on waste, scrap, and rejected/defective parts
- Reduce or eliminate duties on quota charges for merchandise leaving the zone
- Avoid quota restrictions until merchandise leaves the zone
- Reduce merchandise processing fees, since zone users are allowed to file a single customs entry—and pay a single fee—per week, instead of filing and paying per entry