2007 October No.66 – WAREHOUSE


66 Which statement about foreign trade zones is FALSE?

A. No merchandise may be manipulated, manufactured, exhibited destroyed or transferred from a zone except under CBP permit

B. Once established, privileged foreign status may not be changed

C. Upon issuing a permit for the removal of merchandise from a zone, the merchandise is released to the operator

D. Except for articles used in a zone, merchandise must be physically removed from the zone within 5 working days of issuance of a permit authorizing transfer from the zone

E. Foreign merchandise that has been entered free of duty and tax may be granted domestic status

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The Answer is: Which statement about foreign trade zones is FALSE?

Citation: A

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