CCA CATO Associate Regulatory Compliance 2

Question 1

Under CBP regulations, what is the maximum time an importer has to file a formal entry after goods arrive at a US port?

Accepted Answer

15 calendar days

Answer

CBP regulations require that a formal entry be filed within 15 calendar days of the goods arriving at a US port of entry.

Question 2

Which US government agency administers the Foreign Corrupt Practices Act (FCPA) as it relates to trade compliance?

Accepted Answer

The Department of Justice and the SEC

Answer

The FCPA is jointly enforced by the Department of Justice (criminal violations) and the Securities and Exchange Commission (civil violations).

Question 3

A company receives goods under a Temporary Importation under Bond (TIB). What is the standard period allowed before the goods must be re-exported or destroyed?

Accepted Answer

1 year, extendable to 3 years

Answer

TIB entries are valid for one year and may be extended by CBP for up to a total of three years.

Question 4

Under US export control regulations, which document is required when exporting controlled dual-use items to most destinations?

Accepted Answer

An Export Administration Regulations (EAR) license or license exception

Answer

Controlled dual-use items classified under the EAR require either a valid export license or a qualifying license exception before export.

Question 5

What is the primary purpose of a Customs-Trade Partnership Against Terrorism (C-TPAT) certification?

Accepted Answer

To establish supply chain security standards in exchange for expedited CBP processing

Answer

C-TPAT is a voluntary government-business initiative that establishes supply chain security standards in exchange for reduced examinations and expedited processing.

(CCA) CATO Certified Associate Practice Test

(CCA) CATO Certified Associate Practice Test

CCA CATO Associate Regulatory Compliance 2