QUESTIONS AND ANSWERS GRADED A+
✔✔In terms of an antidumping duty, which of the following best defines the term
Dumping Margin? - ✔✔The difference between the price of the goods in the foreign
market and the selling price in the United States
✔✔Failure to file the ADD reimbursement Certification will result in CBP assessing what
percentage of the antidumping duties upon liquidation? - ✔✔200%
✔✔H ow long from the date of export or destruction must a drawback claim, complete
with full supporting documentation, be filed with CBP? - ✔✔3 years
✔✔For all unused merchandise or manufactured articles that are to be destroyed, the
CBP Form 7553 must be filed at the port where the destruction is to take place at least
_________ the intended date of destruction. - ✔✔Seven working days prior to
✔✔The reconciliation is due within ____________ of the first entry summary flagged for
and grouped on an FTA 520(d) reconciliation, or within __________ of the earliest entry
summary date. - ✔✔12 months and 21 months
✔✔An importer can challenge a liquidation by filing a protest on a _____________ with
the port director whose decision is being protested, at the port where the entry was
made. - ✔✔CBP Form 19
✔✔In 19 USC 1520 it states the Secretary of the Treasury is authorized to refund duties
or other receipts in all of the following cases, except: - ✔✔90 days following liquidation
✔✔Entries into the United States usually liquidate within _______ from the date of
entry. - ✔✔314 days
✔✔What is the name of the Department of Homeland Security (DH S) and Department
of Energy (DOE) program under which all containers destined to the United States are
to be scanned prior to loading when exported from participating seaports? - ✔✔Secure
Freight Initiative
✔✔For which of the following are bonded warehouses used? - ✔✔Merchandise
undergoing examination by Customs Goods that have not been released by Customs
General order merchandise
✔✔ Commissioner of (CBP) is filled by - ✔✔presidential nomination, subject to the
advice and consent of the Senate.
, ✔✔CBP gave rise to which of the following agencies? - ✔✔National Institute of
Standards and Technology
U.S. Coast Guard
Department of Veterans Affairs
✔✔not a component of the Department of Homeland Security - ✔✔Bureau of the
Census
✔✔CBP's responsibilities do not encompass - ✔✔Licensing imported firearms
✔✔not a Homeland Security mission - ✔✔Supporting U.S. commercial interests
✔✔Mod Act 3 concepts - ✔✔Informed Compliance; Shared Responsibility; Reasonable
Care
✔✔Which Act included an amendment that required a change regarding the
Harmonized Tariff Schedule of the United States (HTSUS)? - ✔✔The Tariff Act of 1930
✔✔what did the trade act of 2002 do? - ✔✔Renew the Andean Trade Preference Act
(ATPA)
Expand the African Growth and Opportunity Act (AGOA)
Require all modes of transportation to provide advance electronic manifest information
Renewed the GSP program
✔✔Column 2 rates of duty apply to countries that - ✔✔Do not engage in normal trade
relations with the U.S.
✔✔Which is not considered a direct cost of processing under GSP? - ✔✔Administrative
and salesman salaries
✔✔first Arab country to enact a free trade agreement with the United States? -
✔✔Jordan
✔✔Where can you find a list of all the symbols corresponding to special trade
programs? - ✔✔General Note 3
✔✔program that established benefits for workers displaced by the loss of their job -
✔✔Trade act of 2002
✔✔to qualify for NAFTA Criterion C - ✔✔goods are required To be produced entirely in
the territory of one or more of the NAFTA countries exclusively from originating
materials
✔✔Goods Not Allowed in to the US? - ✔✔Drug paraphernalia