CBLE Customs Procedures and Documentation

Question 1

What is the purpose of the CBP Form 7501, Entry Summary?

Accepted Answer

To declare the value and classification of imported goods for duty calculation.

Answer

To document the shipment's arrival date.

Answer

To provide a list of all goods being exported.

Answer

To request a reduction in tariff rates for specific products.

Question 2

What is required on an invoice for imported goods?

Accepted Answer

A description of the goods, their value, and the country of origin.

Answer

The exact weight of the products.

Answer

A certificate of conformity to U.S. standards.

Answer

A certificate of origin and a list of all previous importers.

Question 3

What is a “bill of lading” used for in customs procedures?

Accepted Answer

To provide proof of ownership and delivery of goods.

Answer

To declare the weight and dimensions of a shipment.

Answer

To calculate the applicable duties and taxes for imported goods.

Answer

To request a refund for overpaid duties.

Question 4

In customs procedures, what is meant by "entry"?

Accepted Answer

The formal process of importing goods into the U.S., including submission of required documentation.

Answer

A tax levied on goods entering the U.S.

Answer

A process for determining the tariff classification of a product.

Answer

A declaration made by the manufacturer regarding the product's origin.

Question 5

If a customs broker notices an error in an entry summary after submission, what should they do?

Accepted Answer

Correct the error by submitting a post-entry amendment.

Answer

Ignore the error unless it is flagged by U.S. Customs.

Answer

Request a refund of duties immediately.

Answer

Wait for U.S. Customs to identify and resolve the issue.