17. Which of the following statements is TRUE?
A. A licensed broker who is the President of a customs brokerage must exercise responsible supervision and control over his company’s transaction of customs business.
B. Payments received by brokers from clients after the due date must transmit payment to the government within 10 working days of receipt.
C. A broker may not compensate a freight forward for referring business to him.
D. A broker who holds a national permit does not need a filer code.
E. Powers of attorney must be retained for 5 years after date of entry.
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The Answer is: A
Citation: 19 CFR 111.19(f), 19 CFR 111.23(b), 19 CFR 111.28(a), 19 CFR 111.29(a), 19 CFR 111.36(c)
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