|Foreign -Trade Zones Board||HOME|
|last update: September 2002|
DEPARTMENT OF COMMERCE Foreign-Trade Zones Board [Docket 73-96] Foreign-Trade Zone 198--Volusia County, Florida; Request for Manufacturing Authority, Capo, Inc. (Sunglasses/Reading Glasses)
An application has been submitted to the Foreign-Trade Zones Board (the Board) by the County of Volusia, Florida, grantee of FTZ 198, pursuant to Sec. 400.32(b)(2) of the Board's regulations (15 CFR Part 400), requesting authority on behalf of Capo, Inc., to manufacture sunglasses/reading glasses (HTS #9004.10) under FTZ procedures. It was formally filed on October 9, 1996.
Capo operates a facility within FTZ 198 that manufactures sunglasses and reading glasses. Presently, the company uses FTZ procedures at its facility for the storage of inventory. This application requests authority for allowing Capo to also conduct its assembly activity under FTZ procedures.
Most components are sourced from abroad (up to 95%), including: metal frames, plastic frames, sunglass lenses, imitation leather cords, man-made fiber cords, cloth cords, cases, and lens stickers (duty rate range: 3.4%- 19.5%).
Zone procedures would exempt Capo from Customs duty payments on the foreign components used in export production. On its domestic sales, it would be able to choose the duty rates that apply to finished sunglasses/reading glasses (5.1%) for the foreign components noted above. The company is also seeking an exemption from Customs duties on scrap generated in the production process. The application indicates that the savings from zone procedures would help improve the plant'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 on the application is invited from interested parties. Submissions (original and three copies) shall be addressed to the Board's Executive Secretary at the address below. The closing period for their receipt is November 21, 1996. Rebuttal comments in response to material submitted during the foregoing period may be submitted during the subsequent 15-day period (to December 6, 1996).
A copy of the application and the accompanying exhibits will be available for public inspection at the following location: Office of the Executive Secretary, Foreign-Trade Zones Board, U.S. Department of Commerce, Room 3716, 14th Street & Pennsylvania Avenue, NW, Washington, DC 20230.
Dated: October 11, 1996. John J. Da Ponte, Jr., Executive Secretary. [FR Doc. 96-27051 Filed 10-21-96; 8:45 am]