Customs Study guides, Revision notes & Summaries

Entry documents must be filed within _____________ calendar days of the date that a shipment arrives in the United States. A. 5 B. 7 C. 10 D. 15 E. 30 correct answer: D REFERENCE Ace Business Rules Section 1.3 Entry Filing If there is a difference of less than $20.00 between the total amount of duties, taxes, and fees, including interest in the original liquidation, pertaining to a Post Summary Correction, U.S. Customs and Border Protection (CBP) has the authority to disregard th...

The failure of a corporate broker to have at least one officer of the corporation with a valid individual broker's license during any continuous period of days may result in the revocation (by operation of law) of the license and any permits issued to the corporation. A. 180 B. 30 C. 100 D. 120 E. 90 CORRECT ANSWER D. 120 19 CFR 111.45(a) CUSTOMS BROKERS Revocation by operation of law. Records of broker-related financial transactions must be retained for at least . A. 2 years B. 5 ...

Customs Broker Exam Questions With 100% Correct Answers 2024

Protest correct answer: is a method to contest CBP decisions that you don't like What can you protest correct answer: 1. Clerical Errors, mistakes of fact, inadvertence adverse to the importer- after liquidation 2. Administrative decisions Administrative Decisions example correct answer: - Appraisement - Classification or duty rate -Charges and fees -Exclusion of Merchandise - Any Liquidation or reliquidation - Refusal to pay D8 -Refusal to reliquidate an entry made before 2004 ...

Business Day - Answer-Weekday excluding holidays CBP - Answer-US Customs and Border Protection Customs Regulations - Answer-19 CFR Chapter 1 Customs Station - Answer-Any place other than a port of entry at which customs officers or employees are stationed under authority to enter and clear vessels. Accept entries of merchandise collect duties and enforce the various provisions of the Custom and navigation laws of the US. Customs territory of the US - Answer-Custom territories of the ...

MAC2602 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (703803) - DUE 2 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9............ Question 1 Correct Mark 2.00 out of 2.00 QUIZ Which ONE of the following is NOT a strategic aim of corporate governance? (a) To reduce costs within the organisation to boost short-term profi tability. (b) To improve investor confi dence in the organisation. (c) To increase the organisati...

Customs Broker License Exam Questions With 100% Correct Answers 2024

What are the general authority and powers of the Comptroller Of Customs CORRECT ANSWER General management and administration of the Customs Authority Compounding of offenses Prescribe rules for designated Customs controlled areas Exercise powers and perform the duties of the Minister under CMA What does EPA stand for? And what does the EPA do for Bahamian trade? CORRECT ANSWER Economic Partnership Agreement EPA creates a Free Trade Agreement between the EU and the African, Caribbe...

C. The correct entry type code for a warehouse withdrawal for AD/CVD duties is 34. From the Instructions for Preparation of CBP Form 7501 (July 24, 2012): BLOCK 2) ENTRY TYPE Warehouse Withdrawal For Consumption - 31 Quota/Visa - 32 AD/CVD - 34 Quota/Visa and AD/CVD combinations - 38 correct answer: AD/CVD 1. What is the correct entry type code for a warehouse withdrawal for antidumping/countervailing duties (AD/CVD)? A. 03 B. 21 C. 34 D. 32 E. 31 C. You would report th...

C. Column 29 - Instructions for Preparation of CBP Form 7501 correct answer: In which column on the CBP Form 7501 would you report the AD/CVD CASE Number? A. Column 27 B. Column 28 C. Column 29 D. Column 32 E. Column 34 C. 34 - Prep of 7501 Instructions, Column 29, Page 15 (B.) AD/CVD CASE correct answer: What is the correct entry type code for a warehouse withdrawal for antidumping/countervailing duties (AD/CVD)? A. 03 B. 21 C. 34 D. 32 E. 31 C. Duty 2.4% x $9875.00 = $237...