Home Discussion Broker Compliance Quiz 1, Question 2

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  • Deanna Schlieve
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    19 CFR 111.22 no longer exists – That said, would (e) be the better answer according to 19 CFR 111.23(a) “A licensed customs broker may retain records relating to its customs transactions at any location within the customs territory of the United States in accordance with the provisions of this part and part 163 of this chapter.”?

    2. Question 1 point
    Unless other notification is given, the records required by 19 CFR 111 to be kept by a broker shall be retained at what location?

    A. the port where the broker is permitted to conduct business
    B. the CMC where the broker is permitted to conduct business
    C. the corporate headquarters of the broker, if a corporation
    D. the state in which the business resides
    E. anywhere, as long as the records are readily available upon notification by Customs

    Correct choice is: A
    Explanation: 57. CFR 111.22(a)

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