It was formally filed on September 9, 1997. Zone procedures would exempt the petrochemical complex from Customs duty payments on the foreign products used in its exports. Under the FTZ Act, certain merchandise in FTZ status is exempt from ad valorem inventory-type taxes. The application indicates that the savings from zone procedures would help improve the refinery's international competitiveness. In accordance with the Board's regulations, a member of the FTZ Staff has been designated examiner to investigate the application and report to the Board.
Public comment is invited from interested parties.
John J. Da Ponte, Jr. Executive Secretary.