111 CUSTOMS BROKER Flashcards
1
Q
ModAct
A
Informed Compliance (CBP) Reasonable Care (Importer) Shared Responsibility (CBP/ Importer)
2
Q
Customs Broker
A
person licensed under this part to transact Customs business in behalf of others
3
Q
Customs Business
A
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
4
Q
Person
A
individuals partnership, associations and corp.
5
Q
Records
A
163.1 (hyperlink)
6
Q
Responsible Supervision / Control
A
- training required of the broker’s employees
- issuance of written instructions & guidelines to employees
- volume and type of business
- maintenance of current Reg
- availability of the LCB
- frequency of supervisory visit
- frequency of audit and reviews
- extent to which the individually lcb qualifies the district permit is involved in the ops
- real interest in the operations
7
Q
District
A
geographical area