CBLE Regulatory Compliance 3

Question 1

Under 19 CFR 163, customs brokers are required to retain entry records for a minimum of how many years?

Accepted Answer

5 years from date of entry

Answer

19 CFR 163.4 requires customs brokers to retain records relating to entry for five years from the date of entry.

Question 2

Which of the following actions by a customs broker would constitute a violation of 19 CFR 111.29 regarding diligence in correspondence?

Accepted Answer

Failing to respond to CBP correspondence within the prescribed time

Answer

19 CFR 111.29 requires brokers to respond to CBP correspondence promptly; failure to do so is a regulatory violation.

Question 3

A customs broker files an entry with an incorrect HTS classification, causing a substantial underpayment of duties. Under 19 USC 1592, what level of culpability applies if the broker made no attempt to verify the classification?

Accepted Answer

Gross negligence

Answer

Failure to take reasonable steps to verify a classification when the means were available constitutes gross negligence under 19 USC 1592.

Question 4

What is the purpose of CBP's Focused Assessment (FA) program?

Accepted Answer

To perform risk-based compliance assessments of importer trade practices

Answer

The Focused Assessment program uses risk-based criteria to evaluate an importer's trade compliance systems and internal controls.

Question 5

Under the Importer Security Filing (ISF) regulations, which party is responsible for submitting the ISF for ocean cargo?

Accepted Answer

The importer or its agent

Answer

Under 19 CFR 149, the importer of record, or its agent such as a customs broker, is responsible for submitting the ISF.

(CBLE) Customs Broker License Exam Practice Test

(CBLE) Customs Broker License Exam Practice Test

CBLE Regulatory Compliance 3