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 […]
Question: Have any members applied for their own FTZ? I am looking to understand the difficulty with generating the application letter, application submission, and state and local agreements for the zone. Importers that have completed this process for their companies and could share would be appreciated. ========== Addl Answer: In many cases, you can […]
Question: In a foreign trade zone with 1 operator & multiple users (with individual IOR numbers), which party is responsible for making the weekly entry? Does each user file its own weekly entry, or does the operator need to file a weekly entry for each separate user? Is there a reg that specifies this? ************* […]
Question: We are looking into using an FTZ for product that will be sent to the USA from our affiliated company for future sale. The USA company will issue a PO and receive an invoice from the foreign affiliated when the USA company obtains orders from USA customers. Since there is not a sale at […]
Is anyone an administrator of a subzone – yes, subzone – that has one operator and multiple users? Is that allowed? We are currently in a situation where a major department is being rolled off into its own separate company (its own IOR number). Operationally, the zone remains the same, but we’ll now have two […]
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 […]
