FULL QUESTIONS AND CORRECT ANSWERS
ALREADY PASSED 2025 LATEST UPDATE.
⫸ What are the type of duty rates called? Answer: Ad Valorem
Specific
Compound
⫸ What is the merchandise processing fee for an informal automated
entry? Answer: 2 dollars
⫸ When CBP notifies a recordkeeper and requests records in connection
with a determination of admissibility or the release of some particular
merchandise, in what period of time does the recordkeeper have to
produce those records? Answer: 30 calendar days
⫸ records must be maintained for ___________ from the date of entry or from
the date of the activity which required the creation of the record. Answer: 5
years
⫸ Which of the following is a provision of the law that allows penalties to
be reduced and in some cases eliminated? Answer: Prior Disclosure
⫸ With two exceptions, most articles imported under a TIB must be
exported within _ _ _ _ _ _ _ _ , but the allowed time limit may be extended up
to _ _ _ _ _ _ _ _ _ _ _ _ . Answer: 1 year, 3 years
, ⫸ In terms of an antidumping duty, which of the following best defines the
term Dumping Margin? Answer: The difference between the price of the
goods in the foreign market and the selling price in the United States
⫸ Failure to file the ADD reimbursement Certification will result in CBP
assessing what percentage of the antidumping duties upon liquidation?
Answer: 200%
⫸ H ow long from the date of export or destruction must a drawback claim,
complete with full supporting documentation, be filed with CBP? Answer: 3
years
⫸ For all unused merchandise or manufactured articles that are to be
destroyed, the CBP Form 7553 must be filed at the port where the
destruction is to take place at least _________ the intended date of
destruction. Answer: Seven working days prior to
⫸ The reconciliation is due within ____________ of the first entry summary
flagged for and grouped on an FTA 520(d) reconciliation, or within
__________ of the earliest entry summary date. Answer: 12 months and 21
months
⫸ An importer can challenge a liquidation by filing a protest on a
_____________ with the port director whose decision is being protested, at the
port where the entry was made. Answer: CBP Form 19
⫸ In 19 USC 1520 it states the Secretary of the Treasury is authorized to
refund duties or other receipts in all of the following cases, except. Answer:
90 days following liquidation
⫸ Entries into the United States usually liquidate within _______ from the
date of entry. Answer: 314 days