Clarendon County
industries can access Foreign Trade Zones
through the Port of Charleston. Complementing
South Carolina's world-class transportation
system are three strategically located Foreign
Trade Zones. These zones offer substantial
cost-savings advantages for companies who
import or export manufactured raw materials
or products. Some of the benefits of these
zones include:
Duty is paid only when imports are shipped
into Customs territory or sold - this markedly
improves cash-flow;
Duties are not owed on labor, overhead, or
profit attribute to production operations
located in the zone;
Spare parts may be stored, returned or destroyed
without paying duty;
Delays in customs clearances and duty drawback
procedures can be eliminated;
No country of origin labels are required on
merchandise admitted to the zone; and
Ddue to security, insurance rates are lower
- according to Area Development magazine,
the savings may be as high as 40%.
For more information
about Foreign Trade Zone located in South
Carolina, go to the Port of Charleston web
site devoted to Foreign Trade Zones.
