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SENT Company:Name:Address:City/Postal Code:Country:Telephone/Fax:Mail:SENT Company:Name:Address:City/Postal Code:Country:Telephone/Fax:Mail:Value for customs purposes only No commercial valueTEMPORARY
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Who needs foreign-trade zones board department?

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What is Foreign-Trade Zones Board, Department of Commerce Form?

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The Foreign-Trade Zones Board is a government agency that administers foreign-trade zones in the United States. It facilitates international trade and promotes economic growth by allowing companies to defer, reduce, or eliminate customs duties on imported goods.
Entities operating or seeking to operate a foreign-trade zone are required to file with the Foreign-Trade Zones Board, including zone grantees and users who want to obtain or maintain operational status.
To fill out the Foreign-Trade Zones Board application, applicants must provide detailed information about the zone's location, operations, and economic impact. Instructions and specific forms can be found on the Foreign-Trade Zones Board website.
The purpose of the Foreign-Trade Zones Board is to promote U.S. international trade by allowing businesses to operate in a duty-free environment, which encourages manufacturing and distribution activities within designated zones.
Entities must report information such as zone activity, inventory levels, and financial data related to their foreign-trade zone operations. Specific reporting requirements may vary based on the nature of operations and agreements.
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