April 2023 — Question 60
Which of the following answers is NOT a condition or criteria for identification of merchandise or articles by accounting method for drawback purposes?
- AThe lots of merchandise or articles to be so identified must be fungible.
- BThe person using the identification method must be able to establish that inventory records (for example, material control records), prepared and used in the ordinary course of business, account for the lots of merchandise or articles to be identified as being received into and withdrawn from the same inventory.
- CUnless provided in the section of the U.S. Code of Federal Regulations related to identification of merchandise or articles by accounting method or otherwise specifically approved by Customs (by a binding ruling under Part 177 of Chapter 1 of Title 19 of the U.S. Code of Federal Regulations), all receipts (or inputs) into and all withdrawals from inventory must be recorded in the accounting record.
- DThe records which support any identification method under this section are subject to verification by Customs.
- EAny accounting method which is used by a person for drawback purposes under this section must be used without variation with other methods for a period of at least two (2) years, unless approval is given by Customs for a shorter period.✓ CBP's answer
Why this answer
CBP publishes the key, not the reasoning. Our written explanation of why this answer is right — and which rule decides it — comes with a free account.
Read the explanation — freeNo password. One emailed code.
CBP's cited authority
§ 19 CFR 190.14§ 191.14
Answer and citations as published in CBP's official answer key for the April 2023 examination.
Reading answers is easy. The exam is 80 of these in 4.5 hours.
Pass rates run 12–30%. Find out in 15 minutes whether you'd clear the 75% line today — free, no signup.