Customs Broker Exam 2025 – Comprehensive Study Guide & Exam Review
ATA Carnet - correct answer ✔✔ For goods to be temporarily imported and/or transported
Absolute Quota - correct answer ✔✔ Permits a limited number of units of specified
merchandise to be entered or withdrawn for consumption during specified periods.
Once filled, no further entries or withdrawals for consumption of merchandise subject to quota
are permitted.
Part 132 - correct answer ✔✔ Quotas
Part 162 - correct answer ✔✔ Inspections, search as seizure
Computed Value - correct answer ✔✔ Sum of the following:
1) cost or value of materials and fabrication employed in the production of merchandise
2) profit and general expenses
3) any assists
4) packing costs
Part 19 - correct answer ✔✔ Customs warehouses, container stations, and control of
merchandise therein
Part 18 - correct answer ✔✔ Transportation in bond, merchandise in transit
Carnets - correct answer ✔✔ An international customs document which serves simultaneously
as a customs entry document and as a customs bond
, GRI 3(b) - correct answer ✔✔ A mixture that cannot be classified under GRI 3(a) must be
classified according to the component that lends "essential character"
Deductive Value - correct answer ✔✔ "Merchandise concerned"
Means merchandise being appraised, identical merchandise or similar merchandise
Articles of the United States - correct answer ✔✔ Subheadings: 9808.00.10 & 9808.00.20,
books, engravings or other articles therein enumerated, which are imported by authority or for
the use of the United States or Library of Congress, shall be admitted free of duty.
Transaction Value - correct answer ✔✔ Price actually paid or payable
"Payable" refers to a situation in which the price has been agreed upon
Part 111 - correct answer ✔✔ Customs Brokers
- Procedure to obtain license
- duties and responsibilities
- cancellation, suspension, revocation of license or permit and monetary penalty in lieu of
suspension or revocation
Part 158 - correct answer ✔✔ Relief from duties on merchandise lost, damaged, abandoned or
exported
Domestic Material - correct answer ✔✔ A material whose country of origin is the same as the
country in which the goods are produced
Part 142 - correct answer ✔✔ Entry Process
ATA Carnet - correct answer ✔✔ For goods to be temporarily imported and/or transported
Absolute Quota - correct answer ✔✔ Permits a limited number of units of specified
merchandise to be entered or withdrawn for consumption during specified periods.
Once filled, no further entries or withdrawals for consumption of merchandise subject to quota
are permitted.
Part 132 - correct answer ✔✔ Quotas
Part 162 - correct answer ✔✔ Inspections, search as seizure
Computed Value - correct answer ✔✔ Sum of the following:
1) cost or value of materials and fabrication employed in the production of merchandise
2) profit and general expenses
3) any assists
4) packing costs
Part 19 - correct answer ✔✔ Customs warehouses, container stations, and control of
merchandise therein
Part 18 - correct answer ✔✔ Transportation in bond, merchandise in transit
Carnets - correct answer ✔✔ An international customs document which serves simultaneously
as a customs entry document and as a customs bond
, GRI 3(b) - correct answer ✔✔ A mixture that cannot be classified under GRI 3(a) must be
classified according to the component that lends "essential character"
Deductive Value - correct answer ✔✔ "Merchandise concerned"
Means merchandise being appraised, identical merchandise or similar merchandise
Articles of the United States - correct answer ✔✔ Subheadings: 9808.00.10 & 9808.00.20,
books, engravings or other articles therein enumerated, which are imported by authority or for
the use of the United States or Library of Congress, shall be admitted free of duty.
Transaction Value - correct answer ✔✔ Price actually paid or payable
"Payable" refers to a situation in which the price has been agreed upon
Part 111 - correct answer ✔✔ Customs Brokers
- Procedure to obtain license
- duties and responsibilities
- cancellation, suspension, revocation of license or permit and monetary penalty in lieu of
suspension or revocation
Part 158 - correct answer ✔✔ Relief from duties on merchandise lost, damaged, abandoned or
exported
Domestic Material - correct answer ✔✔ A material whose country of origin is the same as the
country in which the goods are produced
Part 142 - correct answer ✔✔ Entry Process
