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April 2022 U.S. Customs Broker License Exam Preparation Kick-Off

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  • Part 28: Valuation & Appraisement of ...

    Computed value consists of costs, materials, and profits, with a focus on the role of assets and packaging. Tax implications are significant, as refunded taxes are excluded to avoid double dipping. High expenses can reduce computed value, while customs strive for objectivity. Market conditions ma...

  • Part 3: Duty Drawback

    Explore the key aspects of customs duties, taxes, and regulations. Learn about the implications of import duties on merchandise, the refund process for internal revenue taxes on alcohol, and the focus on specific duties and fees. Discover the major tax types, including alcohol production and envi...

  • October 2021 Question 12 U.S. Customs...

    Following CBLE question is the focus of this video:

    What is the time limit after the date of sale for filing a petition for restoration of proceeds of sale?

    A. 1 month
    B. 2 months
    C. 3 months
    D. 5 months
    E. 8 months

    Correct Answer: (C).

    #Code of Federal Regulations (CFR) Title 19
    #171.42