Which statement is FALSE?
A. Each broker must designate a knowledgeable company employee to be the contact for Customs for broker-wide customs business and financial recordkeeping requirements.
B. Other than power of attorney, records must be retained for at least 5 years after the date of entry.
C. The status report must be accompanied by a fee of $100 to defray the cost of administering the reporting requirements.
D. A person must obtain a license to transact customs business as a broker.
E. A application for a broker’s license must be submitted in triplicate to the director of the port where the applicant intends to be business.
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The Answer is: E
Citation: 19 CFR 111.12
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