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Volume 17, Issue 40
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Thursday, February 25, 2010
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DOC: Applications for Two New FTZ Subzones; Foreign Regulatory Changes
Applications for New Subzones in Two States. The Foreign-Trade Zones Board is seeking comments by April 26 on the following applications.
The South Carolina State Ports Authority, grantee of FTZ 21, is requesting special-purpose subzone status for the warehousing and distribution facility of Luigi Bormioli Corporation in Barnwell, S.C. This facility is used for the storage and distribution of glass fragrance containers and glass tableware products. FTZ procedures could exempt Luigi Bormioli from customs duty payments on foreign products that are re-exported (approximately 2% of shipments). On its domestic sales, the company would be able to defer duty payments until merchandise is shipped from the plant and entered for consumption. FTZ designation would further allow Luigi Bormioli to realize logistical benefits through the use of weekly customs entry procedures.
The Lincoln Foreign Trade Zone, Inc., grantee of FTZ 59, is requesting special-purpose subzone status for the agricultural combine and hay tools manufacturing facilities of CNH America LLC in Grand Island, Neb. FTZ procedures could exempt CNH from customs duty payments on the foreign components used in export production, and the company anticipates that some 30% of the plants shipments will be exported. On its domestic sales, CNH would be able to choose for foreign inputs during customs entry procedures the duty rates that apply to combines and hay tools (zero). FTZ designation would further allow CNH to realize logistical benefits through the use of certain customs entry procedures.
Source Document 1...
Source Document 2...
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