QUESTIONS AND ANSWERS GRADED A+
✔✔Select the best meaning for this punctuation mark: the colon (:) - ✔✔Is used to
indicate that additional information follows which pertains to the goods specified.
✔✔T/F: Tariff Preference Levels (TPLs) allow for goods not meeting the rules of origin
to benefit from entry under preferential duty rates. - ✔✔True
✔✔Select the best meaning for this punctuation mark: the semi-colon (;) - ✔✔Indicates
a dull stop and that the portions of the classification on either side of this punctuation
mark are separate and distinct from each other.
✔✔Which of the following is the best definition for the term "in part of"? - ✔✔The goods
contain a significant quantity of the named material.
✔✔Select the best meaning for this punctuation mark: the comma (,) - ✔✔Is used to
separate a list or series of goods.
✔✔T/F: Unless specifically exempted, all imported goods, including foreign articles
reshipped from a U.S. possession and imported articles repacked or manipulated, are
subject to Country of Origin marking regulations. - ✔✔True
✔✔Which of the following is best described by this quotation? "Specifies the actual
volume or quantity of a certain commodity that can be imported or withdrawn from an
FTZ or bonded warehouse during the specific period, which is usually a year. When this
is filled, further entries are prohibited during the remainder of the specific period. -
✔✔Absolute quota
✔✔T/F: In order for royalties and license fees to be dutiable, they must be paid as a
condition of the sale of the goods for export to the U.S. - ✔✔True
✔✔Tariff Rate Quotas (TRQs) allow specific quantities of certain goods to be imported
during the quota period at a specified rate of duty, with importations over the quantity
_____________. - ✔✔subject to a higher rate of duty.
✔✔Manifest discrepancies occur when there are overages or shortages. For goods
carried by vehicle, the timeframe for filing a manifest discrepancy is _____________
after the date of arrival. - ✔✔60 days
✔✔____________ indicates the rates of duty for countries enjoying NTRs with the U.S.
- ✔✔The General Sub-column
, ✔✔When articles or containers are found to be not legally marked, CBP shall notify the
importer on: - ✔✔CBP For 4647
✔✔Transaction Value, the most common method of appraisement is ____________. -
✔✔The price actually paid or payable for the merchandise upon a bona fide sale for
export to the United States.
✔✔Which is a true statement about the six method of appraisement: - ✔✔Must be taken
in sequential order only if the importer of record has not submitted a written request to
the port director at the time of summary filing to reserve the order of deductive, and
requests computed value method over the deductive method.
✔✔Which of the following are required for the importers to provide at the line level with
the entry summary for the SLA 2008? - ✔✔C. Both A & B
(A. The export price in U.S. funds & B. The estimated export charge in U.S. funds, if
any)
✔✔Which of the following statement is correct? - ✔✔Any royalty or license fee the buyer
is required to pay as a condition of sale for export to the U.S., must be added to the
entered value of the merchandise.
✔✔T/F: Goods should be marked as indelibly and permanently as the nature of the
product will permit. Markings that will not remain on the article during handling or for any
other reason except deliberate removal is not a proper marking. The importer is
responsible for ensuring imported merchandise is marked properly. - ✔✔True
✔✔Which of the following charges can be deducted from the price paid or payable
when determining the value for customs duty purposes, if such charges are identified
separately from any other costs or other items on the commercial document? - ✔✔The
Chinese manufacturing firm of a specialized water system for an Arizona hotel must
send its Chinese employees to Arizona to install the water system on site. The cost of
this is $20,000 and was included in the charges for the entire system.
✔✔Which of the following is not considered under the "computed method of valuation?"
- ✔✔An amount for profit and general expenses equal to that usually reflected in sales
of merchandise of the same class or kind as the imported merchandise that are made
by the producers in the country of exportation for export to any other country but the
United States.
✔✔The final appraisement of imported goods in accordance with 19 USC 1401(a) may
be fixed by: - ✔✔Customs & Border Patrol (CBP)
✔✔As a general rule, formal entries are required for all shipments valued at or over: -
✔✔$2,500