CBP Seeks Comments on Info Collection for FTZ Record Keeping
CBP is seeking comments by May 30 on an existing information collection for foreign trade zone annual reconciliation certification and record keeping requirements. CBP proposes (here) to extend the expiration date of this information collection with no change to the information collected, the record-keeping requirements or to the estimated burden hours associated with the collection.
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FTZ Recordkeeping
FTZ operators are required to account for zone merchandise admitted, stored, manipulated and removed from FTZs. FTZ operators must prepare a reconciliation report within 90 days after the end of the zone year for a spot check or audit by CBP. In addition, within 10 working days after the annual reconciliation, FTZ operators must submit to the CBP port director a letter signed by the operator certifying that the annual reconciliation has been prepared and is available for CBP review and is accurate.
CBP Estimates
CBP estimated 276 total annual responses, estimated to create about 207 total annual burden hours for FTZ record keeping. CBP estimated 276 total annual responses, estimated to create about 91 total annual burden hours for the certification letters.
Comments Requested on Ways to Minimize Burden, Etc.
CBP is asking for comments from the general public and other federal agencies on (a) whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimates of the burden of the collection of information; (c) ways to enhance the quality, utility and clarity of the information to be collected; (d) ways to minimize the burden, including the use of automated collection techniques or the use of other forms of information technology; and (e) the annual costs burden to respondents or record keepers from the collection of information (a total of capital/startup costs and operations and maintenance costs).
(Federal Register 03/29/17)