CCS Broker and Importer Compliance 4

Question 1

Under 19 CFR Part 111, a customs broker must report a change in its business address to which CBP office within how many days?

Accepted Answer

The port director within 30 days

Answer

The port director within 10 days

Answer

The Center of Excellence and Expertise within 15 days

Answer

CBP Headquarters within 30 days

Question 2

An importer who fails to file a protest within the statutory timeframe for a CBP liquidation decision generally loses the right to:

Accepted Answer

Challenge the liquidation in the Court of International Trade

Answer

Participate in C-TPAT

Answer

File future entries at the same port

Answer

Obtain duty drawback on subsequent exports

Question 3

Which of the following correctly describes the 'first sale' valuation method available to US importers?

Accepted Answer

Using the price paid in the earliest identified sale in the chain of commerce destined for US export

Answer

Using the price paid by the ultimate US consumer as the customs value

Answer

Using the manufacturer's cost of production as the transaction value

Answer

Using the average of the first and last sale prices in the supply chain

Question 4

Under the reasonable care standard, an importer sourcing goods from a new foreign supplier should at minimum:

Accepted Answer

Conduct due diligence including reviewing supplier documents and verifying country of origin

Answer

Rely solely on the broker's HTS classification expertise

Answer

File a ruling request for every new product line imported

Answer

Require the supplier to post a bond with CBP

Question 5

CBP's Focused Assessment program targets importers for review based primarily on:

Accepted Answer

Risk indicators such as high duty payment volume or prior violations

Answer

Random statistical sampling of all active importers

Answer

Geographic proximity to high-risk foreign ports

Answer

The number of customs brokers an importer uses

Question 6

A customs broker who prepares an entry with a materially false tariff classification at the direction of the importer may face penalty exposure under:

Accepted Answer

19 USC 1641 for broker misconduct, independently of the importer's liability

Answer

19 USC 1592 only, as the importer directed the error

Answer

Only state commercial law, as CBP cannot penalize licensees

Answer

No liability, since brokers are agents acting under client instruction

Question 7

When CBP liquidates an entry, the notice of liquidation is posted on CBP's bulletin board, and the statutory protest period of 180 days begins on:

Accepted Answer

The date of the bulletin board posting of liquidation

Answer

The date the goods were released from CBP custody

Answer

The date the importer's broker receives written notice

Answer

The date duties were paid by the importer