I believe that electronic reporting will not only improve the accuracy of our trade data but also improve reporting efficiency for zone users. For example, Customs and Census have developed an internet-based SED reporting system as part of the Automated Export System . We and Census are planning to send you additional information on this matter. An amendment to the FTZ Act permits zone users to admit production equipment and components for an authorized zone activity. Formal entry may be deferred while the equipment is being assembled and prepared for production activity.
Duty is due when the equipment goes into use for production activity.
Please see my enclosed memo on this matter. The list of FTZs and contact persons on the FTZ Board s web site is now integrated with the National Export Directory. This provides an opportunity for zones to provide more information on their projects to the public, primarily through a link to their web sites. My attached memo provides information on how to establish and maintain the references to your zone. We will continue to maintain our zone list, which appears in the annual report and ask that you also inform us of any changes.