CBP Extends Period for Comments on Info Collection for FTZ Reconciliations
CBP is extending the comment period to Aug. 14 on an existing information collection for foreign-trade zone 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 or to the estimated burden hours associated with the collection.
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Bonded Warehouse Regulations
In accordance with 19 CFR 146.4 and 146.25, 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 Burden Estimates
CBP estimated 276 total annual responses to the recordkeeping requirement, estimated to create about 207 total annual burden hours. For the certification letter, CBP estimated 276 annual responses, estimated to create about 91 total annual burden hours.
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; and (d) ways to minimize the burden, including the use of automated collection techniques or the use of other forms of information technology.
(Federal Register 07/14/17)