Thank you for watching this video segment from October 2017 Customs Broker License Examination (“CBLE”) preparation class.
Following CBLE question is the focus of this video:
Richmond files a notice of intent to export unused merchandise, subject to a drawback claim, on Fri-day, August 1st. He indicates that the merchandise will be exported on Monday, August 4th. Is Richmond in compliance with the applicable regulations?
A. Yes, because all Richmond needs to do is file the CBP Form 7553 prior to exportation.
B. No, because Richmond didn’t allow for the required one week notice.
C. Yes, because the regulations only require that CBP be notified within 3 calendar days prior to ex-portation.
D. No, because the regulations require that the CBP Form 7553 is filed at least 2 working days prior to intended date of exportation.
E. Yes, because Richmond can decide when it is appropriate to file the CBP Form 7553
Correct Answer: (D).
The discussion is a part of lecture series designed to prepare for the upcoming Customs Broker License Examinations. Please visit https://www.lawcustoms.com/live/ for details about CBLE preparation classes.
We also invite you take a look at our recent publication- the 6th Edition of U.S. Customs Broker License Examination Preparation Guide Textbook – which is comprised of two volumes. Please visit https://www.lawcustoms.com/tb/ for details about CBLE preparation textbooks.
