CUSTOMS CLEARANCE TAKE-HOME QUIZ

Name:
1) In general terms, what is the two-word name given to the process through which a U.S.
importer is required to classify merchandise and assign a dollar value to that
merchandise for purposes of entry into the commerce of the United States?
Goods go through customs clearance or customs entry (Classification and valuation).
Classification – when customs broker finds detailed description of the goods in HTS. Valuation –
identifies amount of $ owed to the U.S. government
2) What is the full name (acronym and complete name) given to the International Trade
Commission publication that helps importers to classify goods that are going to be
imported into the U.S.?
HTSUS- Harmonized Tarif Schedule of United Stated.
3) What is the full name and Title number given to the U.S. government publication that
provides all of the regulations related to importing into the United States?
19 CFR: Code of Federal Regulations
4) How many numbers are there in the classification nomenclature used by the United States?
Ten-digit numbers
4) What is another name for a surety that is provided by an importer to U.S. CBP to ensure
that Customs duties are paid?
Customs Bonds
5) What does the acronym “ACE” stand for and what is it?
Automated Commercial Environment is a governmental trade platform through which export
and import transaction are conducted.
6) What is a “Consumption Entry”?
When all required docs are submitted to CBP, goods are released from customs custody and enter into
the commerce in the U.S. There are two types of consumption entry: formal (> $2500) and informal (less
than $2500)
8) What is the name of the document that an importer must give to a Customs Broker in order for the
broker to assist with imports into the U.S.?
There are 4 documents: Commercial Invoice, Air waybill or Ocean Bill of Lading, Packing List, Certificate
of Origin.
9) What does the acronym, “NTR” stand for and what does it mean? Normal Trade Relation – status of
countries which have normal trade relations with the U.S. These countries has no any trade advantages
or low tariffs (equally applied).
10) Name three countries that have Free Trade Agreements with the U.S.
Colombia, Mexico, Canada.

11) How many digits are there in a classification, “Heading”?

4 digits
12) Name three CBP requirements that must be included on a commercial invoice.
Invoice has to include such information as cargo destination (port of discharge), buyer and seller, and
country of origin.

13) Name the two countries that are currently listed in Column 2 of the HTSUS classification publication
Cuba and North Korea
14) What is the full name of Customs Form 7501? Entry Summary 7501