New Foreign-Trade Zone Subzones Sought in Kentucky, New York
The Foreign-Trade Zones Board is requesting comments no later than Dec. 27 on the following applications.
• The Louisville & Jefferson County Riverport Authority, grantee of FTZ 29, is requesting special-purpose subzone status for the North American Stainless stainless steel mill in Ghent, Ky. This facility is used for the manufacturing of flat and long stainless steel products. Comments on this application are due no later than Dec. 27.
• The County of Orange, N.Y., grantee of FTZ 37, is requesting special-purpose subzone status for the centrifugal and submersible pump manufacturing and warehousing facilities of ITT Water Technology Inc. in Auburn, N.Y. These facilities are used to manufacture and distribute centrifugal and submersible pumps and related controllers (up to one million units of each per year) used in commercial, residential and waste water applications.
FTZ procedures could exempt these companies from customs duty payments on foreign components used in export production. On their domestic sales, the companies would be able to choose the duty rates that apply to finished and semi-finished stainless steel products or finished pumps and controllers, respectively, for foreign inputs. FTZ designation would also allow the companies to realize logistical benefits through the use of weekly customs entry procedures, and customs duties could possibly be deferred or reduced on foreign status production equipment.