Question: Is there any way to do a FTZ to FTZ merchandise transfer (they are in different ports) without having to disclose the initial invoices (purchase price) that the inventory came into the first zone on? Is there a way for the customer to receive it into their own zone with the price we charge […]
Question: Could goods be removed from a FTZ for inspection & labeling at another location and then returned to the FTZ? What part of 19 CFR state that it can or cannot? Answer 1: Refer to section 7.11, page 98 of the FTZ Manual (link attached) FTZmanual2011.pdf
Question: Our company is being shipped product from an FTZ and are being informed that the product needs to be nationalized. Who should be responsible for nationalizing the product from the FTZ? Answer 1: The IOR which is paying the duties and taxes should be the one to nationalize. Answer 2: I think they mean […]
Question: What does it mean to nationalize a product from an FTZ? Is that the payment of the duties and taxes, if applicable? Answer 1: First “nationalize” is definitely not a US term (often heard in Europe for example), so whoever is asking you this is not American. But they probably mean in substance changing […]
Question: Does anyone know of an independent FTZ operator in the Indianapolis, IN area? Perhaps a private one with space? Client is wanting to utilize an FTZ for imports and exports – no manipulation. I checked the NAFTZ web-site – no listings. Answer 1: I would suggest that you contact the grantee, the Indianapolis Airport […]
Question: I was wondering if anyone can advise what is involved with shutting down a Foreign Trade Zone (steps to be taken and timeline for closure). Would the first step be to notify CBP or to reach out the Grantee/Port for assistance? Also, is one large entry filed to pay the duty for all of […]
Question: Does anyone have the current CBP checklist for compliance reviews? They updated this a couple of years ago and I know it is a few pages but have not been able to get a copy. Answer 1: Our PD sends the list below. They also allow us to submit a letter stating no changes […]
Question: I have a copy of the “Foreign-Trade Zones Manual” OMB No. 1651-0051 Expiration Date 4/30/2014. Does anyone know of a newer version of this manual? Answer 1: This is the most recent copy, they have not published an update.
Question: I am trying to find out if duty is due on equipment imported for a new production plant located in an FTZ. If so, is it due at time of import or at time the plant begins production or some other point? I think it is due when production begins based on some research […]
QUESTION: The company I work for buys parts from our related party and sells domestically. These specific parts have extremely long lead times and we are looking to better service our domestic customer by having these parts in-stock domestically upfront instead of having to place a PO with our related party once our customer needs […]
QUESTION: Is there anywhere with a general overview stating the costs of applying for a FTZ, yearly costs/fees to operate/maintain the FTZ once approved? %%%%%%%%%% ANSWERS: Once an FTZ Project receives approval for operations from CBP and the FTZ Board, annual operations costs that need to be considered are as follows: The cost of an […]
QUESTION: What is the best practice for filing PSCs (post summary corrections) on FTZ entries for China 301 exclusions? We recently found many items eligible for 301 exclusions on our past FTZ entries (and we may find more). We want to get refunds. Is it best to do the PSCs as we find these excluded […]
