Question 1

Which of the following is not a function of the U.S.Bureau of Customs and Border Protection?

Accepted Answer

A)  Assessing and collecting tariff revenue 
B)  Regulating the entry of products under quota 
C)  Ensuring importer compliance with the Incoterms 
D)  Supervising exports 
A)  Assessing and collecting tariff revenue 
B)  Regulating the entry of products under quota 
C)  Ensuring importer compliance with the Incoterms 
D)  Supervising exports

Question 2

Comparing the U.S.and the EU,in what ways are U.S.businesses at a disadvantage in customs valuations/assessment of duties? In what ways are EU businesses?

Accepted Answer

U.S. businesses may be at a disadvantage

Question 3

The purpose of country-of-origin marking requirements is to give consumers in the marketplace the information they need about the products they purchase.

Accepted Answer

A) True 
 B)False

Question 4

A binding ruling,issued by the U.S.Bureau of Customs and Border Protection,is issued with regard to:

Accepted Answer

A)  penalties imposed for non-payment of duties owed. 
B)  advance determination of the dutiable status of goods. 
C)  seizure of goods not allowed for import to U.S. 
D)  all of these are correct. 
A)  penalties imposed for non-payment of duties owed. 
B)  advance determination of the dutiable status of goods. 
C)  seizure of goods not allowed for import to U.S. 
D)  all of these are correct.

Question 5

Assume Article X is manufactured in Country Y.It is shipped to Country Z where it is substantially transformed before being imported into the United States for resale.For the purposes of imposing import duties under U.S.law,Article X will be considered a product of Country Z.

Accepted Answer

A) True 
 B)False

Question 6

Customs fraud requires that the importer committed a fraudulent violation by providing information and documentation that is beyond a reasonable doubt untrue.

Accepted Answer

A) True 
 B)False

Question 7

Upon entering goods for use or consumption,all necessary documentation and duties,fees and taxes must be paid within five days.

Accepted Answer

A) True 
 B)False

Question 8

American exports returned to the U.S.are dutiable except when:

Accepted Answer

A)  American-made goods are returned to the U.S. not substantially transformed. 
B)  component parts that were made in the U.S. and assembled in a foreign country. 
C)  articles exported for repair or alteration but not substantial transformation. 
D)  all of these conditions exempt the goods from duties. 
A)  American-made goods are returned to the U.S. not substantially transformed. 
B)  component parts that were made in the U.S. and assembled in a foreign country. 
C)  articles exported for repair or alteration but not substantial transformation. 
D)  all of these conditions exempt the goods from duties.

Question 9

To determine the dutiable status of goods,it is necessary to know their classification,country of origin,and details pertaining to:

Accepted Answer

A)  perishable/non-perishable status. 
B)  partially or fully manufactured goods. 
C)  value. 
D)  raw materials to be used in production. 
A)  perishable/non-perishable status. 
B)  partially or fully manufactured goods. 
C)  value. 
D)  raw materials to be used in production.

Question 10

For purposes of assessing duties to be paid,the transaction value is the dutiable value when all import-related costs have been included in the purchase price.

Accepted Answer

A) True 
 B)False

Question 11

A 99% refund of duties and taxes paid on merchandise that is imported,subjected to manufacture or production,and then exported within five years is called a:

Accepted Answer

A)  manufacturing drawback. 
B)  substitution drawback. 
C)  same condition drawback. 
D)  re-export drawback. 
A)  manufacturing drawback. 
B)  substitution drawback. 
C)  same condition drawback. 
D)  re-export drawback.

Question 12

Contrast the traditional "name,character,and use" test with that used presently.

Accepted Answer

The traditional "name, character, and us

Question 13

Shipments to be entered must be accompanied by commercial invoices written in English and in the native language of the country of origin to assure that there are no discrepancies.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following are included in the dutiable assists?

Accepted Answer

A)  Raw materials provided by the importer and used in the foreign production of the imported goods 
B)  Tools, dies, and molds provided by the importer to the foreign manufacturer of imported goods 
C)  Engineering, development. and artwork performed by a foreign firm 
D)  All of these are correct 
A)  Raw materials provided by the importer and used in the foreign production of the imported goods 
B)  Tools, dies, and molds provided by the importer to the foreign manufacturer of imported goods 
C)  Engineering, development. and artwork performed by a foreign firm 
D)  All of these are correct

Question 15

What types of articles do and do not require marks defining place of origin? What justifies these differences?

Accepted Answer

Articles that do require marks defining

Question 16

Compare and contrast the different types of tariffs,considering which type would generally benefit the importing country.

Accepted Answer

A tariff is a tax imposed on imported go

Question 17

Where the transaction value of merchandise cannot be determined,the U.S.Bureau of Customs and Border Protection will look to the dutiable value of identical merchandise imported under similar circumstances.

Accepted Answer

A) True 
 B)False

Question 18

Duty-free status is granted to Caribbean nations,including Cuba under the guidelines of both CBERA and the GSP.

Accepted Answer

A) True 
 B)False

Question 19

The owner,purchaser,consignee of goods,or a customs broker with a written power of attorney must enter goods delivered to a U.S.port of entry within five days of the arrival of the goods.

Accepted Answer

A) True 
 B)False

Question 20

U.S.Customs regulations specify many articles that are exempt from marking requirements.Some of these are:

Accepted Answer

A)  eggs, flowers, nuts, and bolts. 
B)  products that cannot be marked without injury. 
C)  products originating in Canada or Mexico. 
D)  eggs, flowers, nuts, and bolts and products that cannot be marked without injury. 
A)  eggs, flowers, nuts, and bolts. 
B)  products that cannot be marked without injury. 
C)  products originating in Canada or Mexico. 
D)  eggs, flowers, nuts, and bolts and products that cannot be marked without injury.

Exam 12: Imports,Customs,and Tariff Law

Which of the following is not a function of the U.S.Bureau of Customs and Border Protection?

Comparing the U.S.and the EU,in what ways are U.S.businesses at a disadvantage in customs valuations/assessment of duties? In what ways are EU businesses?

The purpose of country-of-origin marking requirements is to give consumers in the marketplace the information they need about the products they purchase.

A binding ruling,issued by the U.S.Bureau of Customs and Border Protection,is issued with regard to:

Assume Article X is manufactured in Country Y.It is shipped to Country Z where it is substantially transformed before being imported into the United States for resale.For the purposes of imposing import duties under U.S.law,Article X will be considered a product of Country Z.

Customs fraud requires that the importer committed a fraudulent violation by providing information and documentation that is beyond a reasonable doubt untrue.

Upon entering goods for use or consumption,all necessary documentation and duties,fees and taxes must be paid within five days.

American exports returned to the U.S.are dutiable except when:

To determine the dutiable status of goods,it is necessary to know their classification,country of origin,and details pertaining to:

For purposes of assessing duties to be paid,the transaction value is the dutiable value when all import-related costs have been included in the purchase price.

A 99% refund of duties and taxes paid on merchandise that is imported,subjected to manufacture or production,and then exported within five years is called a:

Contrast the traditional "name,character,and use" test with that used presently.

Shipments to be entered must be accompanied by commercial invoices written in English and in the native language of the country of origin to assure that there are no discrepancies.

Which of the following are included in the dutiable assists?

What types of articles do and do not require marks defining place of origin? What justifies these differences?

Compare and contrast the different types of tariffs,considering which type would generally benefit the importing country.

Where the transaction value of merchandise cannot be determined,the U.S.Bureau of Customs and Border Protection will look to the dutiable value of identical merchandise imported under similar circumstances.

Duty-free status is granted to Caribbean nations,including Cuba under the guidelines of both CBERA and the GSP.

The owner,purchaser,consignee of goods,or a customs broker with a written power of attorney must enter goods delivered to a U.S.port of entry within five days of the arrival of the goods.

U.S.Customs regulations specify many articles that are exempt from marking requirements.Some of these are:

Introduction to International Business

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

The Documentary Sale and Terms of Trade

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Export Controls and Sanctions

North American Free Trade Law

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

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