How much does it cost to set up an FTZ?
November 30, 2023What is a Grantee?
November 30, 2023Tele-Fonika will prepare and submit an Annual Report to the FTZ Board in the electronic format of the FTZ Board’s design. The FTZ Board Annual Report is now
separately under the “Value-Added” heading. This includes labor, profit and overhead and other value added to material inputs at the plant. One way to estimate plant value-added is: Value of Sales from Plant (or ex-factory value of shipments) minus the Value of Merchandise Received at the Plant. Value added is not included in the Movement of Merchandise figures.
Employment figures should include both direct and contract persons working within the activated area that had zone operations during the year. For part time workers, please report a full time equivalent (e.g., 60 contract employees working for 6 months would equal a full time equivalent of 30 workers).
In general, all data must be in a non-proprietary form. Information in addition to that which is required and would be useful to the FTZ Board but is business proprietary, must be marked BUSINESS PROPRIETARY and submitted separately in a marked envelope.
Illinois International Port District, Grantee of FTZ 125, requires its operators to submit their Annual Reports by February 15th of each year.