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CBP Invites Comments on FTZ Annual Reconciliation Certification

Monday, January 06, 2014
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is soliciting comments through March 4 on the proposed extension of the foreign-trade zone annual reconciliation certification and recordkeeping requirement. FTZ operators are required to account for zone merchandise admitted, stored, manipulated and removed from their zones and must prepare a reconciliation report within 90 days after the end of the zone year for a spot check or audit by CBP. In addition, within 10 working days after the annual reconciliation, FTZ operators must submit to the CBP port director a letter certifying that the annual reconciliation has been prepared, is available for CBP review and is accurate.

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