CCS Broker and Importer Compliance 3

Question 1

Under 19 CFR 111.29, a customs broker must retain copies of all entry documents for a minimum of:

Accepted Answer

5 years from the date of the transaction

Answer

19 CFR 111.29 requires brokers to retain records for 5 years from the date of the transaction, not the entry date.

Question 2

An importer classified under the Importer Self-Assessment (ISA) program is primarily audited by whom?

Accepted Answer

The importer's own internal compliance team

Answer

ISA shifts the compliance testing burden to the importer's internal team in exchange for reduced CBP oversight.

Question 3

A broker's triennial status report under 19 CFR 111.30 must be filed with CBP every three years during which period?

Accepted Answer

January 1–31

Answer

The triennial report must be filed between February 1 and the last day of February—wait, the correct answer under 19 CFR 111.30 is the report is filed during the February 1–28 window; however, 19 CFR 111.30(d) sets the filing period as February 1 through the last day of February.

Question 4

Under 19 USC 1592, negligence penalties for material false statements are capped at what maximum amount per violation?

Accepted Answer

The lesser of 20% of the lawful duties or the domestic value of the merchandise

Answer

For negligence under 19 USC 1592(c)(3), penalties are capped at the lesser of 20% of the lawful duties or the domestic value of the merchandise.

Question 5

Which of the following is NOT a requirement for a valid corporate Power of Attorney granted to a customs broker?

Accepted Answer

Notarization by a licensed notary public

Answer

CBP does not require notarization for a corporate Power of Attorney; authorized officer signature and corporate attestation are sufficient.

(CCS) Certified Customs Specialist Practice Test

(CCS) Certified Customs Specialist Practice Test

CCS Broker and Importer Compliance 3