Exam 16: Customs Clearance

Required documentation for entry into essentially all countries includes

National standards on imports are always thinly-disguised non-tariff barriers to trade.

According to the Harmonized System of classification,each product in international trade can have a code that uses up to ____________________ digits.

The United States requests the "sewing tickets" for some garments,an internal work document of the garment factory,as well as the time cards of the employees working there in an attempt to determine the country of origin of textile products.This can be an example of a non-tariff barrier.

The concept of a value-added tax is simple and easy to administer.

Non-tariff barriers may appear in the form of

Goods in a foreign trade zone can be warehoused until they are sent to their final destination,either in the host country or to a foreign destination.If the goods are sold in the host country,they are only dutiable at the time of that transaction.If they are sold abroad,they are dutiable both to the country where they are sold and to the host country of the foreign trade zone.

The country of origin of a product is the country in which it acquired its most substantial ____________________.

When the invoice's value is much below what Customs has historically accepted and when a much higher valuation is reached with one of the alternative valuation methods,Customs can determine that the exporter is ____________________ the goods in the importing country.

The Brussels Definition of Value has been replaced by what is called "arbitrary" value.

A value-added tax is eventually only paid by

Because of the complexity and time-consuming nature of filling out Customs entries,many countries demand that importers delegate the task of interacting with Customs to a freight forwarder,a representative of the importer that has acquired the knowledge and experience required to deal effectively and efficiently with Customs.

A tariff-rate quota

The tax an importer must pay in order to be allowed to let goods into the country is called ____________________.

A two-tiered tariff rate on a specific category of products in which the tariff that is low until a quota is reached and then it goes much higher is called a(n)

The determinations by Customs officials of product values are sometimes arbitrary.

A quota that places a yearly limit on the number of items entering a country under a specific HS number is called a(n)____________________ quota.

A medical device is not legal in country A,but is legal in country B.Despite being restricted from country A,the product is allowed to go through the foreign trade zone of country A on its way to country B.

Countries may require pre-shipment inspections because

An importing country usually manages its imports under a tariff system that is called an "N-country tariff system."