Customs Broker Licensure Exam: Key Laws

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Essential laws and compliance for brokers.

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Cristina Hernandez

Philippines

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Froggy Jumps Customs Broker Licensure Exam: Key LawsVersion en ligne Essential laws and compliance for brokers. par Cristina Hernandez 1 Which agency licenses U.S. customs brokers? a Internal Revenue Service (IRS) b Customs and Border Protection (CBP) c Department of Homeland Security 2 Which form authorizes a broker to act for an importer? a Power of Attorney (POA) b Certificate of Origin c Bill of Lading 3 Which Act governs duties and tariffs in the U.S.? a Tariff Act of 1930 b Securities Act of 1933 c Rail Act 4 What is a primary broker responsibility? a Clearance of goods with CBP b Insuring shipments c Setting import taxes 5 What is required to maintain licensure? a Annual physical exam b Posting a bond c Completing continuing education 6 Penalties for illegal evasion by a broker include? a Fines only b No penalties c License suspension or revocation 7 Which document proves eligibility for duty-free programs? a Bill of Lading b Certificate of Origin c Commercial Invoice 8 What is the purpose of a customs broker bond? a Guarantees shipment speed b Guarantees product quality c Guarantees payment of duties and penalties 9 Which rate is used to determine most duties? a Specific rate b Flat rate c Ad valorem 10 Who is responsible for compliance as Importer of Record? a The party listed as the IOR b The broker only c The carrier

Froggy Jumps

Customs Broker Licensure Exam: Key LawsVersion en ligne

Essential laws and compliance for brokers.

par Cristina Hernandez

Which agency licenses U.S. customs brokers?

Internal Revenue Service (IRS)

Customs and Border Protection (CBP)

Department of Homeland Security

Which form authorizes a broker to act for an importer?

Power of Attorney (POA)

Certificate of Origin

Bill of Lading

Which Act governs duties and tariffs in the U.S.?

Tariff Act of 1930

Securities Act of 1933

Rail Act

What is a primary broker responsibility?

Clearance of goods with CBP

Insuring shipments

Setting import taxes

What is required to maintain licensure?

Annual physical exam

Posting a bond

Completing continuing education

Penalties for illegal evasion by a broker include?

Fines only

No penalties

License suspension or revocation

Which document proves eligibility for duty-free programs?

Bill of Lading

Certificate of Origin

Commercial Invoice

What is the purpose of a customs broker bond?

Guarantees shipment speed

Guarantees product quality

Guarantees payment of duties and penalties

Which rate is used to determine most duties?

Specific rate

Flat rate

Ad valorem

Who is responsible for compliance as Importer of Record?

The party listed as the IOR

The broker only

The carrier

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Customs Broker Licensure Exam: Key Laws

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Customs Broker Licensure Exam: Key LawsVersion en ligne

par Cristina Hernandez

Which agency licenses U.S. customs brokers?

Which form authorizes a broker to act for an importer?

Which Act governs duties and tariffs in the U.S.?

What is a primary broker responsibility?

What is required to maintain licensure?

Penalties for illegal evasion by a broker include?

Which document proves eligibility for duty-free programs?

What is the purpose of a customs broker bond?

Which rate is used to determine most duties?

Who is responsible for compliance as Importer of Record?

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