2024 April No.12 – Broker Compliance


12. Which of the following statements is FALSE?(2024 April No.12 Broker Compliance)

A) A broker must transmit payment to the Government within five (5) working days after receipt from a client if the due date has passed.

B) Records pertaining to the business of the clients serviced by c ustoms brokers are

C) Without exception, a broker who imports merchandise must not act as a broker for an importer who imports merchandise of the same general character as that imported by the broker .

D) Each broker must exercise responsible supervision and control over the

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The Answer is: C

Citation: 19 CFR 111.31(c)
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