QUESTION: Do the members have any guidance where I can find other resource or references on Foreign Trade Zone (FTZ)? ========== Answers: Best resources are found with the National Association of Foreign Trade Zones. Their website is NAFTZ.org. I have been a member for over 25 years, and they are are 2nd best deal in organizations (the […]
QUESTION: When filing an 06 consumption entry out of our FTZ, our previous broker would always leave the country of export blank. We have since switched brokers and noticed that our new broker is completing the country of export indicating Germany for all lines. However, not all of the product was exported from Germany. What […]
QUESTION: We are a FTZ and received a container that was delivered today and it was short 17 cartons. What is the procedure is to file this with CBP? ========== Answers: If you are under direct delivery, you will want to file your 214 for the actual carton count, and provide a manifest discrepancy report […]
QUESTION: We are toying with the idea of applying for creation of either a bonded warehouse or FTZ in a part of our current facility. I understand there are pluses and minuses to consider for both but my main question is more from an operations standpoint : If we import a product into an FTZ […]
QUESTION: Would anyone have a template we could use to request termination of a FTZ Operating agreement. Long story short, one of our locations had established an FTZ 3 years ago. That Employee left and no one sees value in keeping it.We are being told by the port that the site is already de-zoned by […]
QUESTION: Can the one and only person who has authorization for FTZ transactions and reporting for a company leave their employ for a full-time job at a different company but continue to fulfill the company’s FTZ requirements part-time? =========== Answer: I would suggest keeping them on as a contract employee. =========== FTZ Transactions are not “Customs […]
QUESTION: Would there be anyone whom may a procedure for FTZ operations that they would commonly include in their Compliance and Broker manuals? =============== Answers Normally there is a separate FTZ operations manual that is submitted to Customs with the FTZ activation, and needs to be maintained as a condition of FTZ operations. You may […]
QUESTION: Are there any duty implications for the residue that’s removed from the FTZ and sold to the recycler?We import chemicals into an FTZ, the chemicals are consumed inside the FTZ and the residue is then sold to an outside (the FTZ) recycler. ************* Answers: Yes this is a dutiable event. You need to declare […]
QUESTION: We are looking to make some updates to our job titles and was curious what job titles are out there for FTZ coordinators or facilitators. This is more of a senior role in our Trade Compliance team. ========== Answers: We have or have had the following: FTZ Supervisor, Global Trade Compliance Sr. Analyst, […]
QUESTION: For those member who export in bond from an FTZ utilizing a 7512 can you please let me know how you file your 7512 is it manually or electronically? ************** Answers: Electronically using QP/WP *************** I just got off the phone with a consultant regarding FTZ set up and they advise use that the […]
QUESTION: This is a case of a commodity with a very volatile price that could take up to a year or more from the time we set a “provisional price” to the time we settle the final price with the provider and this settlement will come up to 210 days after the admission as “privilege […]
QUESTION: We are scrapping a lot of product that has manufacturing defects that cannot be fixed and the product is unusable. We currently declare this foreign product on our weekly entry summary and pay duty on its full value. Is this product something we can declare as scrap and avoid the duty? Do we have […]
