111 CUSTOMS BROKER

Question 1

ModAct

Answer 1

Informed Compliance (CBP)
Reasonable Care (Importer)
Shared Responsibility (CBP/ Importer)

Question 2

Customs Broker

Answer 2

person licensed under this part to transact Customs business in behalf of others

Question 3

Customs Business

Answer 3

1. entry  and admissibility of mdse
2, classification and valuation
3. payment of duty/ taxes
4. refund, rebate, drawback
5. preparation of documents, electronic transmission, 

HOWEVER – Customs business DOES NOT include the mere electronic transmission of data and DOES NOT include corporate compliance activity

Question 4

Person

Answer 4

individuals partnership, associations and corp.

Question 5

Records

Answer 5

163.1 (hyperlink)

Question 6

Responsible Supervision / Control

Answer 6

1. training required of the broker’s employees
2. issuance of written instructions & guidelines to employees
3. volume and type of business
4. maintenance of current Reg
5. availability of the LCB
6. frequency of supervisory visit
7. frequency of audit and reviews
8. extent to which the individually lcb qualifies the district permit is involved in the ops
9. real interest in the operations

Question 7

District

Answer 7

geographical area