Customs Entry & Tariff Classification Flashcards

Which US government agency administers and enforces antidumping and countervailing duty orders in coordination with CBP?

Answer: Department of Commerce (DOC)

The Department of Commerce investigates and issues ADD/CVD orders, while CBP collects the duties at the border.

In CargoWise, a 'Post Summary Correction (PSC)' is used to:

Answer: Amend an entry after release but before liquidation

A PSC allows importers to correct entry data (including classification and value) after CBP release but before the entry liquidates.

Under GRI 1, classification is determined first by the terms of the headings and any relevant:

Answer: Section and Chapter Notes

GRI 1 requires that classification be determined first according to the wording of headings and any applicable Section or Chapter Notes.

A US importer claims USMCA preference on an entry. Which document must be retained to support the preference claim?

Answer: A Certification of Origin meeting USMCA data requirements

USMCA replaced the CBP Form 434 with a Certification of Origin that can be prepared by the exporter, producer, or importer and must meet specific data requirements.

In the HTS, 'Ad Valorem' duty rates are expressed as:

Answer: A percentage of the entered value

Ad valorem rates are assessed as a percentage of the customs value (entered value) of the goods.

In CargoWise, the 'Tariff Concession Order (TCO)' field is primarily relevant for entries filed in which country?

Answer: Australia

TCOs are an Australian Customs mechanism granting duty-free treatment for specific goods, and CargoWise supports this field for Australian entries.

Which type of surety bond is most commonly used by US importers to cover multiple customs entries over a 12-month period?

Answer: Continuous Import Bond (CIB)

A Continuous Import Bond (CIB) covers all entries filed by an importer over a one-year period, making it more cost-effective than a single entry bond for frequent importers.