CBLE Customs Procedures and Documentation 4

Question 1

When CBP liquidates an entry at a higher duty rate than originally paid, what is the document the importer receives notifying them of the additional duty?

Accepted Answer

CF-4333 (Liquidation Notice)

Answer

CF-28 (Request for Information)

Answer

CF-29 (Notice of Action)

Answer

CF-6445 (Penalty Notice)

Question 2

An importer wants to protest a CBP liquidation decision. Under 19 U.S.C. 1514, how long does the importer have to file the protest?

Accepted Answer

90 days from the date of liquidation

Answer

30 days from the date of liquidation

Answer

60 days from the date of liquidation

Answer

180 days from the date of liquidation

Question 3

What is the standard liquidation period for most customs entries under 19 U.S.C. 1504?

Accepted Answer

1 year from the date of entry

Answer

6 months from the date of entry

Answer

2 years from the date of entry

Answer

4 years from the date of entry

Question 4

Which of the following is NOT a valid method for determining customs value under the Tariff Act of 1930 as amended?

Accepted Answer

Replacement cost value

Answer

Transaction value of identical merchandise

Answer

Computed value

Answer

Deductive value

Question 5

Under the First Sale valuation rule, the transaction value may be based on the sale between which parties?

Accepted Answer

The foreign manufacturer and the middleman, if conditions are met

Answer

The U.S. buyer and the foreign exporter only

Answer

The U.S. customs broker and the importer

Answer

The foreign government and the exporter

Question 6

A Post-Entry Amendment (PEA) may be filed to correct an entry before liquidation. Which type of correction generally cannot be made via a PEA?

Accepted Answer

Change in country of origin

Answer

HTS classification change

Answer

Quantity correction

Answer

Increase in declared value

Question 7

Under 19 CFR 111.28, a customs broker's records relating to customs transactions must be retained for a minimum of how many years?

Accepted Answer

5 years

Answer

3 years

Answer

7 years

Answer

10 years