FTZ Authority Sought for Photographic Film Facility
The Foreign-Trade Zones Board has received from the South Carolina State Ports Authority, grantee of FTZ 21, a notification of proposed production activity at the AGFA Materials Corporation facility in Goose Creek, S.C., which is used for the cutting of photographic film to specific sizes or master rolls for medical images, aerial photography and non-destructive testing.
Production under FTZ procedures could exempt AGFA from customs duty payments on the foreign-status film used in export production. On its domestic sales, AGFA would be able to choose the duty rates that apply to its finished cut film (3.7%) and associated scrap and waste (zero) for the foreign-status film (3.7%). Customs duties also could possibly be deferred or reduced on foreign-status production equipment.
Comments on this notification are due no later than July 22.