Thursday, October 29, 2009

FTZ Subzone Application Submitted for Fuel Product Storage Company

Foreign-Trade Zone 25 - Port Everglades, FL; Application for Subzone South Florida Materials Corporation (Fuel Product Storage) Port Everglades, FL


The FTZ Board recently received an application requesting FTZ special-purpose subzone status for South Florida Materials Corporation (SFMC). The application was submitted by the grantee of FTZ #25 Port Everglades, Florida.


An approved FTZ application would exempt SFMC from duties imposed on foreign status jet fuel used for international flights and duty deferral for domestic sourced fuels.


Click here to read the release in its entirety.