Lilly del Caribe wants duty-free pharma material

Production under FTZ procedures could exempt the company from customs duty payments on the foreign-status components used in export production.

By: Foreign-Trade Zones Board: May 18, 2018
 | 
Photo:
   Lilly del Caribe Inc. has submitted a notification of proposed production activity to the Foreign-Trade Zones Board for its facility in Carolina, Puerto Rico. The company is asking to be exempt from duty payments on lasmiditan hemisuccinate, an ingredient it sources from abroad.