Duty Free Zone (DFZ)
A duty free zone is an area where goods or cargo can be stored without paying import customs duties while awaiting manufacturing or future transport. DFZs are usually established near airports, seaports, or land border crossings to facilitate the movement of goods.
DFZs provide a number of advantages for businesses, including:
- reducing the cost of importing and exporting goods,
- as well as simplifying the logistics process.
- in addition, DFZs can help businesses to avoid delays caused by customs procedures.
There are several types of DFZs, each with its own set of rules and regulations. Free trade zones (FTZs) are the most common type of DFZ. FTZs allow businesses to import and export goods without paying tariffs or other trade barriers.
When choosing a DFZ, businesses should consider the type of goods they are shipping, as well as the rules and regulations of each DFZ. Different types of DFZs have different rules regarding the storage and transportation of goods. In addition, businesses should be aware of the customs procedures in each country where they plan to ship goods.
In general, businesses can save time and money by using a DFZ. However, it is important to choose the right type of DFZ and to be familiar with the rules and regulations of each one.