Question: I was wondering if others could share if anyone accrues for the duty that could be due on product that is in a FTZ? Not what you may sell and make entry for on a weekly basis, but for total inventory in general. Any other accrual logic? Doesn’t make sense to me that you […]
Question: We are an FTZ operator and our company is restructuring and branching into different legal entities. The current company, which is activated by CBP as an FTZ operator, will continue operations unchanged. We will also start importing merchandise under new companies/IORs. Other than the different IORs, the day-to-day operations will continue as they have […]
Question: What is the difference between a Free Trade Zone and a Free Industrial Zone and what are the cons of being in one of these zones? We are considering placing a new chemical manufacturing facility in either China, Taiwan, or Malaysia. ************* Answers: Both a Free Trade Zone and a Free Industrial Zone […]
Question:QUESTION ON FTZ ENTRIES AND FIRST SALE Â We currently claim the first sale value for US entry purposes. Since Canada does not recognize First Sale, in a separate supply chain stream into Canada, we claim the “last sale” value. We are researching the idea of combining supply chain flows into a single location, an FTA […]
Question: Our company’s North American DC is in a small rural community essentially the middle of nowhere. It is centered almost exactly between two CBP ports of entry, but is about a 2.5 hour drive from either CBP office to our DC. Because of that distance, both CBP offices are claiming it is too far […]
Question: Is there any official publication that demonstrates whether FTZ status helps C-TPAT partners attain Tier 3? ========== Answer: I don’t have a publication but we are Tier3 C-TPAT status and we do not have FTZ .
Question: Our company’s North American DC is in a small rural community essentially the middle of nowhere. It is centered almost exactly between two CBP ports of entry, but is about a 2.5 hour drive from either CBP office to our DC. Because of that distance, both CBP offices are claiming it is too far […]
Question: Our company’s North American DC is in a small rural community essentially the middle of nowhere. It is centered almost exactly between two CBP ports of entry, but is about a 2.5 hour drive from either CBP office to our DC. Because of that distance, both CBP offices are claiming it is too far […]
Question: Would anyone be able to provide a regulatory reference to help me clear up a point of confusion with myself, my software provider, my inside legal counsel, a couple of FTZ consultants and at least one of my brokers? One of our brokers is pushing back and advising us we are attempting to file […]
Question: When bonded goods are entered into an FTZ for storage and are subject to OGA (FDA) is a declaration with FDA required? When the goods exit the FTZ but will not be entering into the commerce of the US (let’s say they are being shipped onto a cruise ship) and a VSTE is being […]
Question: I am looking for some input from members who operate a Foreign Trade Zone and apply for duty drawback on shipments that leave the zone. I am wondering how you go about recovering HMF ************* Answers: Per CFR 191.3 Harbor Maintenance Fees are not eligible for drawback.
Question: Is anyone in the membership able to share a template Operator Agreement for Foreign trade zones that is free to use? Our Grantee is somewhat new and has not developed one ========== Answer: I suggest your grantee reach out to another grantee (or two) for examples.
