October 2019 — Question 55

Which of the following statements regarding the Notice of Intent to Export, Destroy, or Return Merchandise for Purposes of Drawback is CORRECT?

• AThe claimant or the exporter must file at the port of intended examination a notice on CBP Form 7514 at least 30 working days prior to the date of intended exportation unless CBP approves another filing period or the claimant has been granted a waiver of prior notice.
• BWithin 5 working days after receipt, CBP will notify the party designated on the Notice in writing of CBP’s decision to either examine the merchandise to be exported, or to waive examination.
• CIf CBP notifies the designated party, in writing, of its decision to waive examination of the merchandise, or, if timely notification of a decision by CBP to examine or to waive examination has not been received, the merchandise may be exported after 2 working days without delay.
• DIf CBP gives timely notice of its decision to examine the exported merchandise, the merchandise to be examined must be promptly presented to CBP, and CBP must examine the merchandise within 10 working days after presentation of the merchandise.
• EIf the examination is to be completed at a port other than the port of actual exportation or destruction, the merchandise shall be transported in-bond to the port of exportation. Category X – Practical Exercise Answer Question # 56-58 using the commercial invoice. COMMERCIAL INVOICE 4. Shipper/Exporter A.B.C. Company 55-5 Hung To Road, P. O. Box 1234 Kowloon, Hong Kong 5. No. and Date of Invoice US001836 Monday, August 14, 2019 6. No. and Date of L/C 7. For Account and Risk of Messers Barbara’s Closet 453 Main Street Key Largo, FL 33037 IRS# 12-345678900 8. L/C Issuing Bank 9. Notify Party 10. Bankers Brokers , 231-423-1234 11. Remarks P/O No.: TPS001 12. Port of Unlading Sailed-Key Largo, FL 13. Final Destination Key Largo, FL 14. Carrier Seaway Express 15. Departure on or about August 10, 2019 Marks and Numbers of Pkgs. 38 ctns said to contain 378 pcs 16. Description of Goods 17. Quantity 18. Unit Price 19. Amount Country of Origin: Hong Kong Knit Unisex Zipper front jackets 378 pieces 25.00USD $9,450.00 38% poly, 38% cotton, 24% wool with leather piping around the collar GW 800 kg NW 756 kg TOTAL $9450.00 Master Bill: 001-63324833✓ CBP's answer