FTZ Board Considers Production Request from Aircraft Engine Part Facility
The Foreign-Trade Zones Board has received from Albany Safran Composites LLC a notification of proposed production activity for its facility in Rochester, N.H., which is used for the manufacture of carbon fiber composite aircraft engine parts. Comments on this notification are due no later than June 4.
Production under FTZ procedures could exempt ASC from customs duty payments on the epoxide resin used in export production. On its domestic sales, during customs entry procedures ASC would be able to choose the duty rates that apply to carbon fiber composite aircraft engine fan blades, cases, and spacers (zero) for the foreign-status epoxide resin (6.1 percent duty rate). ASC would also be able to avoid duty on foreign-status resin that becomes scrap/waste, and duties could possibly be deferred or reduced on foreign-status production equipment.