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Volume 17, Issue 118
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Tuesday, June 15, 2010
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New FTZ Subzone Requested in Tennessee. The Foreign-Trade Zones Board has received an application from the City of Memphis, grantee of FTZ 77, requesting special-purpose subzone status for the faucet manufacturing facility of Delta Faucet Company in Jackson, Tenn. This facility is used to manufacture, warehouse and distribute faucets and related products for the U.S. market and export. The application indicates that Delta would also assemble retail display cabinets.
FTZ procedures could exempt Delta from customs duty payments on the foreign components used in export production. The company would also be exempt from duty payments on foreign-origin finished products that would be exported from the subzone. On domestic shipments, Delta would be able to elect for foreign inputs the duty rates that apply to finished faucets (4%) and retail display cabinets (zero). Subzone status would allow Delta to realize logistical benefits through the use of weekly customs entry procedures, customs duties could possibly be deferred or reduced on foreign-status production equipment, and Delta would be exempt from duty payments on any foreign-origin inputs that become scrap or waste during manufacturing.
Comments on this application are due by Aug. 16.
Source Document 1...
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