New Auto Production Activity Proposed at South Carolina FTZ
The Foreign–Trade Zones Board is inviting comments through Nov. 4 on an additional proposed production activity at the Benteler Automotive Corporation facility within subzone 38F in Duncan, S.C. Benteler currently has authority to produce automotive suspension components and subassemblies at this facility using certain foreign-status components. The current request would add bumper assemblies, body reinforcement assemblies, suspension parts and subframes to the list of approved finished products and would also add foreign-status components to the scope of authority.
Production under FTZ procedures could exempt Benteler from customs duty payments on the foreign status materials and components used in export production. On its domestic sales, Benteler would be able to choose the duty rate during customs entry procedures that applies to bumper assemblies, body reinforcement assemblies, suspension parts, and sub-frames for the foreign status inputs. Customs duties also could possibly be deferred or reduced on foreign status production equipment.