E-Commerce Fulfillment Provider Acquires Mexican Company to Enable Use of Section 321
Shipmonk, an e-commerce fulfillment and inventory management provider, acquired El Mar Mexico and its fulfillment center based in Tecate, Mexico, Shipmonk said Oct. 21. The acquisition will allow for customers to "legally bypass taxing on the majority of U.S. shipments,…
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eliminating tariffs and import duties" due to the Section 321 exemption allowed on low-value goods, it said. "Goods are legally imported into a free trade zone in Mexico under special license, and then shipped directly to the U.S. consumer within ShipMonk's comprehensive shipping zone coverage area, without paying duties and tariff fees," it said.