CBLE Import Compliance and Risk Management 2 — Questions and Answers
Question 1: Under 19 CFR Part 111, a customs broker's power of attorney must be executed by which party?
- The customs broker on behalf of the importer
- The importer of record or a legally authorized agent (Correct answer)
- CBP on behalf of the importer
- The freight forwarder arranging the shipment
Correct answer: The importer of record or a legally authorized agent
A power of attorney must be executed by the importer of record or someone legally authorized to act on their behalf, granting the broker authority to transact customs business.
Question 2: Which program allows low-risk importers expedited release of goods in exchange for greater self-governance and compliance commitments?
- Importer Self-Assessment (ISA) (Correct answer)
- Automated Broker Interface (ABI)
- Customs-Trade Partnership Against Terrorism (C-TPAT)
- Cargo Release (formerly ACE Entry Summary)
Correct answer: Importer Self-Assessment (ISA)
The Importer Self-Assessment program lets qualifying low-risk importers manage their own compliance in exchange for reduced CBP oversight and faster cargo release.
Question 3: A 'first sale' valuation methodology allows an importer to declare customs value based on which transaction?
- The sale between the foreign manufacturer and the middleman (Correct answer)
- The sale between the middleman and the U.S. importer
- The retail sale price in the United States
- The average of all sales in the supply chain
Correct answer: The sale between the foreign manufacturer and the middleman
First sale valuation uses the earliest qualifying sale in a multi-tier supply chain — typically between the manufacturer and middleman — which is often lower than the last sale price.
Question 4: Under the Enforce and Protect Act (EAPA), CBP may conduct investigations into allegations of which violation?
- Mislabeled country of origin on consumer goods
- Evasion of antidumping or countervailing duty orders (Correct answer)
- Failure to file ISF on time
- Undervaluation of goods by more than 10%
Correct answer: Evasion of antidumping or countervailing duty orders
EAPA (19 U.S.C. § 1517) authorizes CBP to investigate allegations that importers are evading antidumping and countervailing duty orders through transshipment or other schemes.
Question 5: An importer receives a CBP Form 28 (Request for Information). What is the appropriate response timeframe?
- 5 business days
- 30 days from the date of the CF-28 (Correct answer)
- 60 days from entry filing
- 90 days from liquidation
Correct answer: 30 days from the date of the CF-28
CBP Form 28 requests a response within 30 days, though extensions may be granted; failure to respond can result in adverse action on the entry.
Question 6: Which type of bond is required for a continuous transaction where an importer brings in multiple shipments throughout the year?
- Single transaction bond
- Continuous bond (Correct answer)
- Carnet bond
- Stuffer bond
Correct answer: Continuous bond
A continuous bond covers all entries filed within a 12-month period and is renewed annually, making it cost-effective for frequent importers.
Question 7: Under 19 CFR 163.4, an importer's recordkeeping obligation for entry records generally extends how long after the date of entry?
- 2 years
- 3 years
- 5 years (Correct answer)
- 7 years
Correct answer: 5 years
Importers must retain entry-related records for five years from the date of entry, as required by 19 CFR 163.4.
CBLE Import Compliance and Risk Management 2
Under 19 CFR Part 111, a customs broker's power of attorney must be executed by which party?