CCP Customs & Compliance Management 3

Question 1

In CargoWise, what is the role of the 'Tariff Maintenance' register within Customs configuration?

Accepted Answer

To maintain HTS/HS code descriptions, duty rates, and trade agreement eligibility

Answer

Tariff Maintenance stores the HTS/HS code database including duty rates, unit of measure, and preferential trade agreement flags used during declaration line-item entry.

Question 2

A shipment arrives with a discrepancy between the declared value and the invoice value. Which CargoWise document records the corrected customs value after post-entry amendment?

Accepted Answer

Post Entry Amendment (PEA) / Protest

Answer

A Post Entry Amendment (PEA) is filed in CargoWise to correct errors on a previously accepted customs entry, including value discrepancies.

Question 3

Which INCOTERM, when used as the basis of customs value, requires the importer to include CIF charges in the declared value under US CBP rules?

Accepted Answer

FOB

Answer

Under US CBP rules, customs value is based on the transaction value using FOB (Free On Board) price, not including insurance and freight unlike many other countries.

Question 4

In CargoWise Customs, what does the 'Quota' field on a tariff line item manage?

Accepted Answer

Absolute or tariff-rate quota eligibility for specific HTS codes

Answer

The Quota field on a tariff line item in CargoWise tracks absolute or tariff-rate quota (TRQ) applicability, allowing the system to flag or calculate reduced duty rates within quota limits.

Question 5

How does CargoWise handle Anti-Dumping Duty (ADD) and Countervailing Duty (CVD) on a customs entry?

Accepted Answer

They are calculated as separate tariff lines using specific case numbers (ADD/CVD case codes)

Answer

ADD and CVD are entered as separate tariff lines in CargoWise using the specific CBP case numbers, with their own duty rates applied in addition to regular duties.

(CCP) CargoWise Certified Professional Practice Test

(CCP) CargoWise Certified Professional Practice Test

CCP Customs & Compliance Management 3