QUESTION: Does anyone in the membership know if Section 321 entry can be claimed on withdraws from an FTZ? If I understand correctly, most Section 321 entries are filed by carriers. In case of FTZ, normally who files for Customs release? FTZ operator or carrier? Is ACE ready for brokers to file Section 321 entries? […]
QUESTION: The question is at too high a level to provide a reasonable answer. It really depends. If you are doing assembly or manufacturing and your end product will benefit from a tariff shift. (obviously in your favor) then there can be a case made on that value. There is also the savings of MPF which […]
QUESTION: I am curious as to how other FTZ operators are handling finished goods containing foreign components as they leave the FTZ and are subject to Section 301. In this specific scenario, the finished good undergoes a substantial transformation in the FTZ but is made up of mostly Chinese and Korean components. What country of […]
QUESTION: If a shipment arrives into the port of Camden and is destined for a FTZ warehouse, does it have to be a FTZ warehouse in that port or can the material move on an i.t. bond to a FTZ warehouse in New London? (different state) ================== ANSWER: If the goods were being moved for […]
QUESTION: Are the FTZ warning signs required around the perimeter and entrances of the approved FTZ area, or only around the perimeter and entrances of the area activated by CBP. ************ Answers: Ours are at the perimeter and entrances of our activated FTZ area. ************ From a technical standpoint, I understand there is no legal […]
QUESTION: If a shipment arrives into the port of Camden and is destined for a FTZ warehouse, does it have to be a FTZ warehouse in that port or can the material move on an i.t. bond to a FTZ warehouse in New London? (different state) ========== Answers: Answer… The FTZ Warehouse does not need […]
QUESTION: I am planning to create more metrics for our FTZ and I was looking for suggestions in the industry or what other companies are using? ========== Answers: Pretty open ended question, what kind of FTZ are you operating? Manufacturing or distribution? Are you on Direct Delivery? Are you using a 3rd party to manage […]
QUESTION: A private holding company currently has several companies that may benefit from a FTZ. What are the beginning steps I should focus on to implement a cost savings project regarding FTZ’s? What are your recommendations on how to get started? What are some of the potential challenges with incorporating FTZ’s into a supply chain? […]
QUESTION: We are manufacturing, in a China FTZ, a product assembled of predominantly US components. Everything ships from US to the FTZ in China and everything is assembled there. What is my country of origin? ************ Answers: I would get a legal ruling on this – but my first inclination would be China. *********** We […]
QUESTION: Can anyone provide an FTZ internal audit checklist? ============== ANSWERS: http://www.icpainc.org/wp-content/uploads/2014/10/FTZ-Annual-Systems-Review-Copy.xls =============== Hi there, Please see the attached templates for what we use here at . Hope this helps. http://www.icpainc.org/wp-content/uploads/2014/10/Brooks-Admission-Audit-Checklist-10-16-14.xlsx http://www.icpainc.org/wp-content/uploads/2014/10/Brooks-Admission-FTZ-7501-Audit-Checklist.xlsx http://www.icpainc.org/wp-content/uploads/2014/10/Brooks-In-Bond-Audit-Checklist-10-16-14.xlsx http://www.icpainc.org/wp-content/uploads/2014/10/Brooks-Overall-FTZ-Compliance-Checklist.xlsx
QUESTION: If I admit goods into my FTZ in privileged status prior to 3/23/18, and then transfer them from the zone for consumption after 3/23/18, will they be subject to the new steel and aluminum tariffs? ========== Answers: Response — The CSMS from CBP was specific on this topic. It states “Any steel or aluminum […]
QUESTION: When can you claim duty drawback when exporting from the US to an FTZ or bonded facility in another country? Can you claim at the time of export from the US? Or, does the claim need to be filed when the goods move from the bonded facility into the commerce of the destination […]
