Whether your company is new to the FTZ program or a “mature” FTZ operation, now is the time to undertake a comprehensive internal review of your FTZ and overall trade compliance in order to develop a true “audit preparedness” program and correct any identified compliance issues.
When the FTZ Board regulations (15 CFR Part 400) were revised in 2012, activities previously referred to as “manufacturing” or “processing” essentially were merged under one definition termed “production”. For FTZ operators and users, it is critical that the definition of production is fully understood so that the regulations and requirements pertaining to production can be complied with on an ongoing basis.
These are common questions that FTZ Operators and Administrators ask as they try to gain a clear understanding of the potential benefits of an in-depth compliance review.