A bill to amend the Foreign Trade Zones Act to increase the use of foreign trade zones in exporting, and for other purposes.

Summary

Amends the Foreign Trade Zones Act to authorize the Secretary of the Treasury to approve the duty-free entry of (1) machines and materials used in the manufacture of goods in a trade zone if the goods are not entered into the customs territory of the United States, and (2) fuels and materials consumed in the manufacture of such goods. Sets forth procedures and criteria for approval of applications for such duty-free entry. Requires machinery, fuel, materials, or manufactured goods imported under this exemption to be taxed at regular rates upon subsequent entry into the customs territory of the United States.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 11 April 1978

  Open at official source

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