Duty free zone (DFZ)

Duty free zone (DFZ),

Definition of Duty free zone (DFZ):

  1. Bounded and bonded area where foreign merchandise is brought in without import duties, for further processing or re-exporting. Import-duty must be paid on these goods if are released in the local market.

Meaning of Duty free zone (DFZ) & Duty free zone (DFZ) Definition