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 […]
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? ================================ ANSWER: Hi, I have not […]
QUESTION: This is a hypothetical situation to frame a question I have about FTZs. Let’s say the following items are imported into an FTZ with approval from CBP: – Raw shelled cashews from Vietnam – Peanut Oil from Nigeria These items, combined with salt from the USA, are manufactured at the FTZ warehouse into a […]
QUESTION: Our foreign entity has enlisted a 3rd party US FTZ operator to process documents, logistics and warehouse control. The parts will be a simply pass through via import logistics bonded move into FTZ and when demand occurs, an export to the Latin American destination. Question: Am I wrong in not giving them my […]
QUESTION: What level of accuracy would generally be acceptable for an FTZ manufacturer using a FIFO inventory system? Is CBP more concerned with the accuracy over the course of time, or at any given moment in time? Is offsetting considered? For example, if a manufacture has $100 million in admission per year and $10 […]
QUESTION: We are looking at the FTZ consumption entry process and would like some clarification from the members We would like to file our 7501 Summary Entries on a weekly basis. I understand that there is a requirement to file an estimated entry the week before (CBPF 3461) and reconcile it at the 7501 Summary […]
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 […]
