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Exam (elaborations)

Broker Exam ACTUAL UPDATED Exam Questions and CORRECT Answers

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Broker Exam ACTUAL UPDATED Exam Questions and CORRECT Answers Within how many days must an entry be filed after goods arrive in port? - CORRECT ANSWER - Entry must be filed within 15 calendar days of goods arrival at port. (Ch. 2) How many days notice must a surety give to CBP to terminate a bond? - CORRECT ANSWER - A surety must give 30 days notice to CBP to terminate bond. (Ch. 5) What is the date of entry for goods transported under an IT? - CORRECT ANSWER Date of entry is the date the goods are entered for consumption at destination port. (Ch. 3)

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Broker Exam ACTUAL UPDATED Exam
Questions and CORRECT Answers
Within how many days must an entry be filed after goods arrive in port? - CORRECT
ANSWER - Entry must be filed within 15 calendar days of goods arrival at port. (Ch. 2)


How many days notice must a surety give to CBP to terminate a bond? - CORRECT
ANSWER - A surety must give 30 days notice to CBP to terminate bond. (Ch. 5)



What is the date of entry for goods transported under an IT? - CORRECT ANSWER -
Date of entry is the date the goods are entered for consumption at destination port. (Ch. 3)


How many days does a Broker have to respond to a penalty notice? - CORRECT
ANSWER - Customs Broker must respond within 30 days of notice of penalty. (Ch. 10)


What are the requirements in order to use one Entry Summary for multiple entries? - CORRECT
ANSWER - Same carrier and importer / All shipments w/i one week / Entry Summary
must be filed w/i 10 days of 1st shipment (Can't use this for Quota) 142.17 (Ch. 2)


When is the duty rate set for an immediate transportation entry (IT)? - CORRECT
ANSWER - The duty rate in effect at time IT is accepted at origination port. 141.69 (Ch.
3)


When is the official liquidation date? - CORRECT ANSWER - When notice of liquidation
is posted at the Customs House. (Ch. 6)


How many days does a Carrier have to pick up goods once an IT is filed? - CORRECT
ANSWER - Carrier must pickup goods within 5 working days of the date entry for
transport is filed. (Ch. 11)


How long must an Exporter or Producer retain a NAFTA certificate of origin? - CORRECT
ANSWER - 5 years from date signed 181.12 (Ch. 19)

, Within how many dates must a proprietor update records after a withdrawal or other matter? -
CORRECT ANSWER - Proprietor must update records within 5 business days of a
withdrawal or other matter. (Ch. 18)


How long does CBP have to respond to a protest? - CORRECT ANSWER - 2 years from
the date the protest is filed; unless it is for exclusion of goods then 30 days. (protestant can agree
to additional time) (Ch. 21)


For Substitution Drawback, (imported or domestic goods) must be used in manufacturing within
how many years of receipt by manufacturer? - CORRECT ANSWER - Must be used in
manufacturing within 3 years of receipt by manufacturer. (Ch. 24)


How long must records of drawback claims be kept? - CORRECT ANSWER - Must be
kept for 3 years from the date claim paid. (Ch. 25)


How many days does Customs have to reject Non ABI Entry Summaries? - CORRECT
ANSWER - Customs has up to 30 calendar days following the summary filing date to
reject a NON ABI entry summary. (see directive 3550-067)


Within how many days must an entry summary be filed after date of entry? - CORRECT
ANSWER - Entry Summaries must be filed within 10 working days of time of entry. (Ch.
2)


How many days to produce missing invoice (document) if CBP allows entry without it? -
CORRECT ANSWER - 120 days from entry summary to produce invoice; 50 days if
needed for statistical reason. (must post a bond) (Ch. 5 and 3)


When is the duty rate fixed for goods transported under an IT? - CORRECT ANSWER -
Duty rate is fixed at the moment the IT is accepted at origination port. That is the port where the
IT is filed and started (Ch. 11 and 3)

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