Customs Broker Exam October 2023 Questions With Complete Solutions

Part 146 {Ans: Foreign Trade Zones}Date of Exportation {Ans: The actual date the merchandise leaves the country of exportation for the U.S.}Part 18 {Ans: Transportation in bond, merchandise in transit}Deductive Value {Ans: "Merchandise concerned" Means merchandise being appraised, identical merchandise or similar merchandise}Absolute Quota {Ans: Permits a limited number of units of specified merchandise to be entered or withdrawn for consumption during specified periods. Once filled, no further entries or withdrawals for consumption of merchandise subject to quota are permitted.}MPF {Ans: Merchandise Processing Fee (Ad Velorum Fee) Merchandise that is formally entered or released; subject to .3464% fee, based on the value of merchandise. Minimum: $25 Maximum: $485}Part 134 {Ans: Country of Origin Markings}HMF {Ans: Harbor Maintenance Fee Commercial cargo loaded or unloaded from a commercial vessel, subject to a fee of .125% of the merchandise value. No minimum or maximum}GRI 5(b) {Ans: Packing Materials and packing containers entered with their goods are classified along with those goods as long as they represent the usual packing for those goods unless the packing is suitable for repetitive use.}Carnets {Ans: An international customs document which serves simultaneously as a customs entry document