Broker and Importer Compliance Flashcards
7 cards from real CCS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Broker and Importer Compliance flashcards as text
Under 19 CFR 111.29, a customs broker must retain copies of all entry documents for a minimum of:
Answer: 5 years from the date of the transaction
19 CFR 111.29 requires brokers to retain records for 5 years from the date of the transaction, not the entry date.
An importer classified under the Importer Self-Assessment (ISA) program is primarily audited by whom?
Answer: The importer's own internal compliance team
ISA shifts the compliance testing burden to the importer's internal team in exchange for reduced CBP oversight.
A broker's triennial status report under 19 CFR 111.30 must be filed with CBP every three years during which period?
Answer: January 1–31
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.
Under 19 USC 1592, negligence penalties for material false statements are capped at what maximum amount per violation?
Answer: The lesser of 20% of the lawful duties or the domestic value of the merchandise
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.
Which of the following is NOT a requirement for a valid corporate Power of Attorney granted to a customs broker?
Answer: Notarization by a licensed notary public
CBP does not require notarization for a corporate Power of Attorney; authorized officer signature and corporate attestation are sufficient.
When CBP issues a Notice of Action (CF-29) to an importer proposing a duty rate increase, the importer has how many days to respond?
Answer: 30 days
An importer has 30 days from the date of a CF-29 Notice of Action to respond before CBP takes final action.
A surety bond that covers a single customs transaction rather than ongoing import activity is classified as a:
Answer: Single-entry bond
A single-entry bond covers only one specific customs transaction, unlike a continuous bond which covers all transactions for a period.