Part 4: Recordkeeping
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20m
Bonded warehouse regulations mandate a five-year record retention from the last merchandise withdrawal. Specific rules detail withdrawal entry types and highlight the need for accurate record-keeping. Customs brokers must inform authorities about alternative record storage methods while ensuring confidentiality. Power of attorney documents require retention for five years after revocation, and brokers must maintain client confidentiality without disclosure.
#Code of Federal Regulations (CFR) Title 19
#Part 111
#Part 163
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February 20, 2018 CBLE Class
The focus is on classification questions, especially for food products. Additionally, the importance of bonds in customs compliance is highlighted, with insurance companies playing a key role in ensuring adherence to bond conditions.
#Code of Federal Regulations (CFR) Title 19
#Harmonized Tariff... -
Part 6: Valuation & Appraisement of M...
Merchandise placement involves careful calculations and time management, especially during exams. Using a calculator is recommended for complex problems. Different appraisal methods are necessary based on transaction values, particularly on customs broker exams. The concepts of fair retail value ...
