29.11.2012 Views

Shkodra free zone

Shkodra free zone

Shkodra free zone

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

are interested since they can take advantage of the delay in paying<br />

the tariffs while the goods are stored in the <strong>zone</strong>.<br />

- Lower tariffs<br />

Bringing separate parts of various articles to the <strong>free</strong> <strong>zone</strong>, the<br />

producers or assemblers of the inverted tax goods (higher tariffs are<br />

levied on separate parts than on the whole item they are part of) are<br />

charged with lower tariffs as a result of the final cost that will result<br />

lower.<br />

- Avoiding restrictions of quotas<br />

Import quotas in the <strong>free</strong> <strong>zone</strong> are usually not applicable to the<br />

goods s tored within the <strong>zone</strong>. For instance, in Singapore, when an<br />

importer has shipped in more goods than permitted, he has all the<br />

facilities to store his merchandise in the <strong>free</strong> <strong>zone</strong> and is not obliged<br />

to follow the permissible norms of merchandising as in the case of<br />

normal trade regions (where there are no <strong>free</strong> <strong>zone</strong>s). He is<br />

also<br />

allowed to use the extra quantity of goods (above the quota) to<br />

produce products that are below the permitted quotas or he can wait<br />

until the next term for the new quota. In Malaysia, another approach<br />

is applied, where quota products are transformed into quota-<strong>free</strong><br />

ones. For instance, if a certain product<br />

is above the quota, the excess<br />

can<br />

be stored in a <strong>free</strong> <strong>zone</strong> where there are no laws on quotas.<br />

Automatically, no excess will be as above the quota.<br />

- Labelling the product in the country where it<br />

is produced<br />

The imported parts, which will be imported in the <strong>free</strong> <strong>zone</strong> and<br />

participate<br />

in the structural architecture of a product or machinery,<br />

etc.,<br />

will lose their original value assuming the label of the <strong>zone</strong><br />

72

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!