Entry Procedures & Import Documentation Flashcards

Which of the following best describes 'liquidation' in US customs law?

Answer: The final computation of duties, fees, and taxes owed on an entry

Liquidation is CBP's final assessment of duties, taxes, and fees on an entry, typically occurring within one year of entry summary filing.

What is the time limit for an importer to file a protest after CBP's liquidation of an entry?

Answer: 180 days

Under 19 USC 1514, an importer has 180 days from the date of liquidation to file a protest challenging CBP's decisions.

What is the role of the 'arrival notice' in the import process?

Answer: It is issued by the carrier or freight forwarder to notify the consignee that cargo has arrived

An arrival notice is a carrier or freight forwarder notification to the consignee that their shipment has arrived or is about to arrive at the port of destination.

Under CBP regulations, how long must importers retain entry records?

Answer: 5 years from the date of entry

Importers must retain entry records for five years from the date of entry under 19 CFR Part 163 (Recordkeeping).

Which entry type is used for goods intended to be admitted into a Foreign Trade Zone (FTZ)?

Answer: Entry Type 06 (FTZ Admission)

Entry Type 06 is the designated entry type for admitting merchandise into a CBP-approved Foreign Trade Zone.

What is a 'split shipment' and how does it affect the de minimis ($800) threshold?

Answer: CBP combines all portions to determine if the total exceeds $800

CBP combines the value of split shipments from the same shipper to the same consignee on the same day to prevent evasion of the $800 de minimis threshold.

Which of the following statements about 'informal entries' is correct?

Answer: They apply to shipments valued at $2,500 or less and do not require a formal surety bond

Informal entries are simplified entries for low-value shipments (generally $2,500 or less) that typically do not require a formal surety bond.