October 2019 — Question 7
Which statement is FALSE?
- AEach broker must designate a knowledgeable company employee to be the contact for Customs for broker-wide customs business and financial recordkeeping requirements.
- BOther than power of attorney, records must be retained for at least 5 years after the date of entry.
- CThe status report must be accompanied by a fee of $100 to defray the cost of administering the reporting requirements.
- DA person must obtain a license to transact customs business as a broker.
- EA application for a broker’s license must be submitted in triplicate to the director of the port where the applicant intends to be business.✓ CBP's answer
Why this answer
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CBP's cited authority
§ 19 CFR 111.12
Answer and citations as published in CBP's official answer key for the October 2019 examination.
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