CBLE Import Compliance and Risk Management 2

Question 1

Under 19 CFR Part 111, a customs broker's power of attorney must be executed by which party?

Accepted Answer

The importer of record or a legally authorized agent

Answer

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?

Accepted Answer

Importer Self-Assessment (ISA)

Answer

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?

Accepted Answer

The sale between the foreign manufacturer and the middleman

Answer

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?

Accepted Answer

Evasion of antidumping or countervailing duty orders

Answer

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?

Accepted Answer

30 days from the date of the CF-28

Answer

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.

(CBLE) Customs Broker License Exam Practice Test

(CBLE) Customs Broker License Exam Practice Test

CBLE Import Compliance and Risk Management 2