Ms bro - Study guides, Class notes & Summaries

Customs Brokerage Study Guide Questions with Complete Solutions

Protest correct answer: is a method to contest CBP decisions that you don't like What can you protest correct answer: 1. Clerical Errors, mistakes of fact, inadvertence adverse to the importer- after liquidation 2. Administrative decisions Administrative Decisions example correct answer: - Appraisement - Classification or duty rate -Charges and fees -Exclusion of Merchandise - Any Liquidation or reliquidation - Refusal to pay D8 -Refusal to reliquidate an entry made before 2004 ...

CUSTOMS BROKER LICENSE EXAMINATION OCT EXAM

BAHAMAS CUSTOMS BROKERAGE TRAINING

Liquidation correct answer: is when CPB finished all legal interest in the entry, it is a final accounting or disposition of an entry What entries are liquidated? correct answer: -All consumption and drawback entries What happens before warehouse entries are liquidated? correct answer: They are suspended until all goods are withdrawn and accounted for Things called "entries" that are not liquidated correct answer: - IT's- Transportation type entries (in bonds) -Temporary import ...

BAHAMAS CUSTOMS BROKERAGE QUESTIONS

C. The correct entry type code for a warehouse withdrawal for AD/CVD duties is 34. From the Instructions for Preparation of CBP Form 7501 (July 24, 2012): BLOCK 2) ENTRY TYPE Warehouse Withdrawal For Consumption - 31 Quota/Visa - 32 AD/CVD - 34 Quota/Visa and AD/CVD combinations - 38 correct answer: AD/CVD 1. What is the correct entry type code for a warehouse withdrawal for antidumping/countervailing duties (AD/CVD)? A. 03 B. 21 C. 34 D. 32 E. 31 C. You would report th...

C. Column 29 - Instructions for Preparation of CBP Form 7501 correct answer: In which column on the CBP Form 7501 would you report the AD/CVD CASE Number? A. Column 27 B. Column 28 C. Column 29 D. Column 32 E. Column 34 C. 34 - Prep of 7501 Instructions, Column 29, Page 15 (B.) AD/CVD CASE correct answer: What is the correct entry type code for a warehouse withdrawal for antidumping/countervailing duties (AD/CVD)? A. 03 B. 21 C. 34 D. 32 E. 31 C. Duty 2.4% x $9875.00 = $237...

Ch. 1 - The U.S. Customs Service The commercial importation of goods into American Samoa is governed by? CORRECT ANSWER The Government of American Samoa. 7.2 (b) What are the Customs Territories of the United States? CORRECT ANSWER The States, District of Columbia, and the commonwealth of Puerto Rico. CFR 101.1 Where can you find Customs service ports and ports of entry? CORRECT ANSWER CFR 101.3 When merchandise is imported into the U.S. Virgin Islands, which laws govern the importatio...