Leading Americas Inc. has submitted a notification of proposed production activity to the Foreign-Trade Zones Board for its facility in Hampshire, Ill.
The site is located within Site 17 of FTZ 176. The facility will be used for the production of wire harnesses for the forklift and heavy-duty construction equipment industries.
Production under FTZ procedures could exempt Leading Americas from customs duty payments on the foreign-status components used in export production. On its domestic sales, for the foreign-status materials and components noted, Leading Americas would be able to choose the duty rates during customs entry procedures that apply to wire harnesses. Leading Americas would be able to avoid duty on foreign-status components that become scrap or waste. Customs duties also could possibly be deferred or reduced on foreign-status production equipment.
The components and materials sourced from abroad include electrical tape, electrical terminals, copper winding wire, electrical connectors and flexible chloride tubes.
Public comment is invited from interested parties. Submissions, which are due Sept. 4, should be addressed to the Office of the Executive Secretary, Foreign-Trade Zones Board, Room 21013, U.S. Department of Commerce, 1401 Constitution Ave. NW, Washington, D.C. 20230-0002. A copy of the notification is available at the board’s website.
The site is located within Site 17 of FTZ 176. The facility will be used for the production of wire harnesses for the forklift and heavy-duty construction equipment industries.
Production under FTZ procedures could exempt Leading Americas from customs duty payments on the foreign-status components used in export production. On its domestic sales, for the foreign-status materials and components noted, Leading Americas would be able to choose the duty rates during customs entry procedures that apply to wire harnesses. Leading Americas would be able to avoid duty on foreign-status components that become scrap or waste. Customs duties also could possibly be deferred or reduced on foreign-status production equipment.
The components and materials sourced from abroad include electrical tape, electrical terminals, copper winding wire, electrical connectors and flexible chloride tubes.
Public comment is invited from interested parties. Submissions, which are due Sept. 4, should be addressed to the Office of the Executive Secretary, Foreign-Trade Zones Board, Room 21013, U.S. Department of Commerce, 1401 Constitution Ave. NW, Washington, D.C. 20230-0002. A copy of the notification is available at the board’s website.