Business news : Easton-Bell Sports Seeks FTZ Status for Illinois Plant

Easton-Bell Sports, Inc. notified the Foreign Trade Zone Board of its intent to produce safety helmets, baby seats for bicycles and bicycle car carrier racks at facility in Rantoul, IL if it is granted sub-zone status.

 

Such status would allow the company to eliminate or reduce duties it pays on foreign inputs used to make products at the Rantoul facility for export and enable the company to lower duty rates to between 0 to 2.5 percent on such products when they are sold into the U.S. market. Customs duties also could possibly be deferred or reduced on foreign status production equipment.

 

The components and materials sourced from abroad include: tape, stickers, plastic bags, stoppers, water bottles, plastic helmet parts, rubber grommets, textile bags, boxes, labels, header cards, manuals, webbing for helmets, helmets, helmet pads, screws, washers, helmet parts, buckles, bike carrier parts, bike parts and baby seat parts (duty rate ranges from free to 17.6%).

 

The request indicates that textile bags (classified under HTSUS Subheading 4202.92) will be admitted to the zone in privileged foreign status (19 CFR 146.41), thereby precluding inverted tariff benefits on such items.

 

Interest parties have until Aug. 26 to submit comments on the application the the FTZ Board's Executive Secretary Andrew McGilvray. For further information, contact Elizabeth Whiteman at Elizabeth.Whiteman@trade.gov.

 

Source Easton-Bell through SportsOneSource