BMW Manufacturing Company, LLC submitted a notification to the Foreign-Trade Zones Board, seeking to expand its production activities at its Spartanburg, South Carolina facility. This proposal involves incorporating a foreign-source component, specifically electronic toll collection systems, into its existing production capabilities. Such an expansion could allow BMW MC to avoid or defer customs duties on these components when they are used for export or become scrap. Interested parties are invited to submit public comments by March 15, 2021.
Simple Explanation
BMW in South Carolina wants to use a special zone to make cars with new parts from other countries, helping them save money on taxes when selling these cars outside the USA, and they are asking people to share thoughts on this plan by March 15, 2021.