Regulatory & Legal Framework Flashcards

Which pillar of the WCO SAFE Framework focuses on the relationship between customs and private businesses through AEO programs?

Answer: Pillar 2: Customs-to-Business

Pillar 2 creates the partnership in which businesses get AEO status.

Under the U.S. 24-Hour Rule, when must ocean carriers send cargo manifest data to CBP?

Answer: 24 hours before loading at the foreign port

Advance manifest data is due 24 hours before the container is loaded at the foreign port of lading.

Which U.S. law requires advance electronic cargo information for all modes of transport?

Answer: Trade Act of 2002, Section 343(a)

Section 343(a) of the Trade Act of 2002 requires mandatory advance electronic cargo information.

An importer finds it underdeclared customs value and tells CBP before any formal investigation begins. What mechanism is this?

Answer: Prior disclosure under 19 U.S.C. 1592(c)(4)

Prior disclosure under 19 U.S.C. 1592(c)(4) greatly lowers the possible penalties.

Which act brought the ideas of 'informed compliance' and 'reasonable care' into U.S. customs law?

Answer: Customs Modernization Act of 1993

The Mod Act (Title VI of NAFTA implementation) made compliance a responsibility shared by CBP and importers.

What is the general record retention period for U.S. import records under 19 CFR 163.4?

Answer: 5 years from the date of entry

Most entry records must be kept for five years from the date of entry.

Which revised international convention introduced 'authorized persons' simplifications that came before AEO concepts?

Answer: Revised Kyoto Convention

The Revised Kyoto Convention (in force 2006) provides special procedures for authorized persons.