2025-00521Notice

Agency Information Collection Activities; Extension; Foreign Trade Zones Annual Reconciliation and Recordkeeping Requirement

Published Date: 1/14/2025

Notice

Summary

The U.S. Customs and Border Protection is extending the paperwork rules for businesses using Foreign Trade Zones, where companies can store and work on goods with special customs benefits. If you run or work with these zones, you’ll keep doing annual reports and records, helping the government keep things smooth and fair. Comments on this plan are open until March 17, 2025, with no new costs or big changes expected.

Analyzed Economic Effects

3 provisions identified: 0 benefits, 3 costs, 0 mixed.

FTZ Paperwork Rules Extended

If you run or work with a Foreign Trade Zone (FTZ), CBP is extending the existing annual reconciliation and recordkeeping paperwork requirement with no changes. Comments on this extension must be submitted by March 17, 2025.

Annual Reconciliation Timing Rules

If you operate an FTZ, you must prepare an annual reconciliation report within 90 days after the end of the zone/subzone year (unless an extension is authorized), keep that report available for CBP spot checks or audits, and submit a signed certification letter to the CBP port director within 10 working days after the reconciliation.

Paperwork Time and Respondent Estimates

CBP estimates 276 FTZ respondents will each file one annual reconciliation and one certification letter. The reconciliation is estimated at 45 minutes per response (total 207 hours) and the certification letter at 20 minutes per response (total 92 hours), for a combined estimated 299 annual burden hours across respondents.

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Key Dates

Published Date
1/14/2025

Department and Agencies

Department
Independent Agency
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