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 […]
QUESTION: Does anyone know if there is a ruling for the repackage of bulk shipments that are being sent to individual consumers out of the FTZ? There was one done for Canada shipments under HQ H275530 ========== Answers: At the Trade Symposium, Todd Owen of CBP announced on the ecommerce panel that CBP […]
QUESTION: My company operates several FTZs. Bonded movements originate from each FTZ daily. Because bond documents and logistics for these movements are managed in house, it’s necessary for each location to maintain a large volume of high security bolt seals on hand. The seals are maintained in a secure environment and issued non-sequentially by trained […]
QUESTION: We operate an FTZ in the US. We Admit goods that are manufactured in China. We are exploring using a contractor in Canada to do some work on these goods. We would send them from our FTZ in Bond to the Canadian contractor, they would do their thing, adding value to the items, […]
QUESTION: I just got out of a meeting with SC and they are interested in a few SC options and which might make the most sense from a cost (duty savings), efficiency, compliance burden perspective. Raw Material is made overseas FTZ is located on US side of Mex/US border Scenario A – FTZ Step 1 – […]
QUESTION: My understanding is that estimated values are o.k. to declare on the CBP CF214. Perhaps someone can confirm? Can 06 entry types (FTZ withdrawals) be flagged for value via reconciliation? Do all of our entries have to be set up on reconciliation or can we pick and choose? We would only want certain 06 entries […]
QUESTION: Can the membership advise what the current process is for FDA products being held and released in an FTZ. We have different food and pharma products that we are considering entering into a FTZ but are concerned about when the products are released by FDA. Is FDA notified when the items enter the FTZ, […]
QUESTION: Have other companies in the group experienced an increase in the questions/requests from Census related to FTZ volume shifts? We are receiving questions on a monthly basis and it is becoming a task to manage. Does anyone have a suggestion on how to reduce these monthly inquiries? *************** Answers: Could this be in response […]
