CBLE Legal Principles and Foundations 4

Question 1

Under 19 C.F.R. § 111.29, a customs broker is required to retain records pertaining to customs transactions for a minimum of how many years?

Accepted Answer

5 years

Answer

Customs brokers must retain records relating to customs business transactions for a minimum of five years from the date of entry.

Question 2

What is the legal effect of a CBP 'ruling letter' issued under 19 C.F.R. Part 177?

Accepted Answer

It is binding on CBP but only with respect to the specific transaction described in the ruling request

Answer

A ruling letter is legally binding on CBP only with respect to the specific transaction for the requester, though it also represents CBP's position on the issue for the trade generally.

Question 3

Which legal doctrine provides that when a tariff provision's language is ambiguous, courts should defer to CBP's interpretation of the statute?

Accepted Answer

Chevron deference

Answer

Chevron deference directs courts to defer to a federal agency's reasonable interpretation of ambiguous statutory language within that agency's area of expertise.

Question 4

Under the Trade Act of 1974, Section 301 authorizes the USTR to take action in response to which of the following?

Accepted Answer

Unfair trade practices or policies of foreign governments that burden U.S. commerce

Answer

Section 301 of the Trade Act of 1974 empowers the USTR to investigate and respond to foreign government actions, policies, or practices that are unfair or discriminatory and burden U.S. commerce.

Question 5

What is the legal standard CBP applies when determining whether a transaction value is the acceptable basis for customs valuation?

Accepted Answer

The goods must be sold for export to the United States and the buyer and seller must be unrelated, or the relationship must not influence the price

Answer

Transaction value is acceptable when goods are sold for export to the U.S. and, if the parties are related, CBP must be satisfied the relationship did not influence the price.

(CBLE) Customs Broker License Exam Practice Test

(CBLE) Customs Broker License Exam Practice Test

CBLE Legal Principles and Foundations 4