Foreign-Trade Zone (FTZ) 49-Newark, New Jersey; Notification of Proposed Production Activity; Movado Group, Inc. (Timepieces and Jewelry); Moonachie, New Jersey, 5987 [2018-02789]

Agencies

• DEPARTMENT OF COMMERCE
• Foreign-Trade Zones Board

[Federal Register Volume 83, Number 29 (Monday, February 12, 2018)]
[Notices]
[Page 5987]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02789]


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DEPARTMENT OF COMMERCE

Foreign-Trade Zones Board

[B-07-2018]


Foreign-Trade Zone (FTZ) 49--Newark, New Jersey; Notification of 
Proposed Production Activity; Movado Group, Inc. (Timepieces and 
Jewelry); Moonachie, New Jersey

    Movado Group, Inc. (Movado) submitted a notification of proposed 
production activity to the FTZ Board for its facility in Moonachie, New 
Jersey. The notification conforming to the requirements of the 
regulations of the FTZ Board (15 CFR 400.22) was received on January 
31, 2018.
    Movado's facility is located within Subzone 49J. The facility is 
used for the assembling of parts and components into finished watches 
and clocks, as well as kitting activities involving watches and 
jewelry. Pursuant to 15 CFR 400.14(b), FTZ activity would be limited to 
the specific foreign-status materials and components and specific 
finished products described in the submitted notification (as described 
below) and subsequently authorized by the FTZ Board.
    Production under FTZ procedures could exempt Movado from customs 
duty payments on the foreign-status components used in export 
production. On its domestic sales, for the foreign-status components 
noted below, Movado would be able to choose the duty rates during 
customs entry procedures that apply to wrist watches, travel clocks, 
and electrically operated alarm clocks (duty rate ranges from duty-free 
to 27.8%). Movado would be able to avoid duty on foreign-status 
components which become scrap/waste. Customs duties also could possibly 
be deferred or reduced on foreign-status production equipment.
    The components and materials sourced from abroad include: Rings for 
fingers of precious metal; earrings of precious metal; necklaces of 
precious metal; wrist bracelets of precious metal; jewelry of precious 
or semiprecious stones (natural, synthetic or reconstructed); imitation 
jewelry: Cuff links and studs; rings for fingers of base metal; 
earrings of base metal; necklaces of base metal; wrist bracelets of 
base metal; coins (other than gold), not being legal tender; key 
chains; watch movements, electrically operated and with mechanical 
displays only or devices for incorporating mechanical displays 
(complete/assembled); watch movements, electrically operated and with 
opto-electronic display only (complete/assembled); watch movements, 
electrically operated and with other than mechanical or opto-electronic 
display only (complete/assembled); watch movements, with automatic 
winding (complete/assembled); watch movements, other than electrically 
operated or with automatic winding (complete/assembled); watch 
movements (complete/unassembled or partly assembled); watch movements 
(incomplete/assembled); watch movements (rough movements); clock 
movements; watch cases, precious metal or of metal clad with precious 
metal; watch cases, of base metal, whether or not gold- or silver-
plated; watch cases, other than precious metal or base metal; watch 
case parts: Crown tubes/gaskets; crystals; crystal gaskets; case back 
crystals; case backs; case back gaskets; case back screws; case tubes; 
bezels; gaskets; bezel screws; ring flanges; movement holders; watch 
straps/bands/bracelets, precious metal or of metal clads with precious 
metal; watch straps/bands/bracelets, base metal, whether or not gold- 
or silver-plated; watch straps/bands/bracelets, other than precious 
metal or base metal; springs, including hairsprings; dials; plates and 
bridges; other watches or clock parts: Bracelet decors; hands; 
crystals; pushers; crowns; bezels; case back screws; bezel screws; 
bracelet screws; case back gaskets; bezel gaskets; crystal gaskets; 
case tubes; movement holders; ring flanges; movement screws; deployment 
buckles; tongue buckles; clasps; jewelers' clasps; logo covers for 
bracelets; sizing link screws; pins; tubes; set case to bracelet 
attachments; and, silver oxide and lithium batteries (duty rate ranges 
from duty-free to 13.5%). The request indicates that lithium-ion 
batteries will be admitted to the zone in privileged foreign status (19 
CFR 146.41), thereby precluding inverted tariff benefits on such items.
    Public comment is invited from interested parties. Submissions 
shall be addressed to the Board's Executive Secretary at the address 
below. The closing period for their receipt is March 26, 2018.
    A copy of the notification will be available for public inspection 
at the Office of the Executive Secretary, Foreign-Trade Zones Board, 
Room 21013, U.S. Department of Commerce, 1401 Constitution Avenue NW, 
Washington, DC 20230-0002, and in the ``Reading Room'' section of the 
Board's website, which is accessible via www.trade.gov/ftz.
    For further information, contact Christopher Wedderburn at 
[email protected] or (202) 482-1963.

    Dated: February 6, 2018.
Andrew McGilvray,
Executive Secretary.
[FR Doc. 2018-02789 Filed 2-9-18; 8:45 am]
BILLING CODE 3510-DS-P