FTZ 87 has two zones:
General Purpose Zone.
Established for multiple activities by multiple users.
A special-purpose zone for use by one company for a specific activity.
Merchandise in FTZ 87 may be re-exported without customs duty if:
FTZ 87 users may be eligible for:
►Delaying payment of U.S. Customs duties and excise taxes until goods leave the zone to enter U.S. markets.
►Paying duty only on the value of imported components when a company uses a combination of domestic and imported materials to manufacture or process goods within the zone.
►Reducing U.S. Customs duties on goods manufactured or processed in the zone when imported components have a higher duty rate than the finished goods (inverted tariff).
►Eliminating U.S. Customs duties and fees on goods that a company re-exports.
►Holding excess goods in the zone to avoid import quota restrictions, then releasing them during the next quota period.
►Transferring in-bond merchandise between FTZs for manufacturing purposes and deferring duty until the product enters the U.S. marketplace.
►Paying reduced or no duties on nonconforming, damaged, scrapped, or obsolete components or goods.
►Lowering other costs, such as inventory, insurance, and cost of sales, as no duty is paid on labor, overhead, or profit from FTZ production operations.