While the Port of Milwaukee may be a convenient port of entry for businesses in southeastern Wisconsin, your company is not obligated to use the Port for any of your FTZ related shipping. The Port of Milwaukee has been designated by the Foreign-Trade Zone Board as the Grantee for the Southeastern Wisconsin Foreign Trade Zone No. 41, and that responsibility as Grantee functions separately from daily Port operations.
U.S. Customs and Border Protection has the responsibility of supervising the Foreign-Trade Zone through periodic checks and visits from Customs officers. Customs oversees the transfer of merchandise into and out of the Zone and are responsible for collecting revenue from applicable duties, taxes, and fees.
The CBP Port Director is the local representative of the Foreign-Trade Zone Board and controls the admission and removal of merchandise in the Zone. Customs is also tasked with enforcing all laws relevant to the Foreign-Trade Zones, and providing legal interpretation of those statutes, regulations and procedures.
There are many advantages to a Foreign-Trade Zone over other U.S. Customs Programs. Depending on the program, some of the advantages are:
- No time constraints on storing merchandise
- Ability to get approval for manufacturing
- Taking advantage of benefits for scrap materials
- Not required to pay duties if product is re-exported