December 15, 2023
An approval by U.S. Customs and Border Protection and the Grantee permitting FTZ operations to begin at a specific zone site or subzone.
November 30, 2023
Not sure, but now that its gone, CBP will know your documents are dated if the hyphen still appears as C-TPAT.
November 30, 2023
Customs-Trade Partnership Against Terrorism (C-TPAT) is a U.S. Customs and Border Protection (CBP) voluntary trade partnership program in which CBP and members of the trade community work together to secure and facilitate the movement of legitimate international trade. The program focuses on improving security throughout the supply chain, beginning at the point of origin (including manufacturer, supplier, or vendor) through […]
November 30, 2023
All of your foreign-status (duty-unpaid) merchandise must arrive to the zone site or subzone in-bond via a bonded carrier. Your outbound transportation will also need to be bonded in order to defer or eliminate duties on exports or zone to zone transfers from the zone site or subzone.
November 30, 2023
There is no form to use when you are ready to activate your zone site or subzone with U.S. Customs and Border Protection. The activation application is a letter to the Port Director that includes all of the materials need by Customs to approve activation. It usually requires one visit from the Port office to confirm security and operational requirements […]
November 30, 2023
The Zone Grantee is the corporate recipient of a grant of authority for a zone. The Zone Grantee is typically referred to as the ‘Grantee’.
November 30, 2023
Tele-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 […]
November 30, 2023
The cost to establish and operate an FTZ varies somewhat by location. The largest expense is typically the internal cost to setup and operate an inventory control and recordkeeping system (ICRS) that meets the special reporting requirements of U.S. Customs. Costs generally do not increase with volume, so there are significant economies of scale to FTZ operation.
November 30, 2023
U.S. Customs and Border Protection assigns a 7-character alphanumeric Zone ID for each activated zone site, including each activated site within a subzone. The Zone ID is required for electronic submission of certain filing requirements. number assigned to the activated portion of the subzone by CBP is also shown. The Port Director has authorized the use of local control procedures […]