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: With the advent of the Uyghur Forced Labor Prevention Act on June 21, 2022, we – as a FTZ operator and importer – are considering what it would take to change our foreign-status FTZ merchandise (some non-privileged and some privileged) to domestic-status so that we may withdraw that inventory after June having already paid […]
QUESTION: Our company has recently opened an FTZ. Goods will be brought into the FTZ for storage and will be exported without having been advanced in value or changed in condition. The same broker/FF manages all aspects of the FTZ; zone entry, inventory deduction, creation of the 7512 to move in bond, and the AES […]
