System Overview
The purpose of the ONESOURCE Foreign-Trade Zone Management (Petroleum) solution is to avoid, minimize, and defer duty liability while remaining in compliance with United States (US) Customs regulations.
The system will automate the majority of the FTZ tracking process in order to reduce the amount of time spent manually maintaining inventory records.
The system interfaces with the inventory management system to pull transactions and then processes these transactions to create customized reports in accordance with US Customs.
This Help provides an introduction to the basics of daily processing, reporting procedures, and maintenance requirements. It is designed to give a functional overview on how to complete each of the routines and utilize available screens within the ONESOURCE Foreign-Trade Zone Management (Petroleum) solution.
For more information on Foreign-Trade Zones, please refer to US Customs regulations documents provided by the National Association of Foreign-Trade Zones (NAFTZ), and documents prepared by the Zone Operator.