The liability incurred by a warehouse bond remains active unless the goods entered into a bonded warehouse have been:

• Exported or deemed exported

• Withdrawn for supplies to a vessel or aircraft international traffic

• Destroyed under Customs supervision

• Withdrawn for consumption within the U.S. after payment of duty

• All of the above

Which of the following is not included in the criteria for 'direct delivery' to an FTZ?

• Goods are not restricted to a type which requires CBP examination or documentation review before or upon arrival at the FTZ, for example, quota/visa goods

• Application is made using CBP Form 7501

• Goods to be admitted to the FTZ and the operations to be conducted in the FTZ are known well in advance, are predictable and stable over the long term, and are relatively fixed in variety by the nature of the business conducted at the site

• The operator is the owner or purchaser of the goods

What is the minimum TIB liability?

• $50

• $100

• $1,000

• Double the duties

Privileged Foreign Status is given to goods to determine the duty rate after goods have been manipulated or further manufactured.

• True

• False

Payment of duties to a customs broker relieves the importer of liability if the customs broker does not pay the duties to CBP.

• True

• False

Goods entered under Zone-Restricted Status may be manipulated, manufactured, processed, or assembled in an FTZ.

• True

• False

Goods brought into a Foreign Trade Zone are not subject to Customs entry procedures.

• True

• False

An "inverted tariff" is a situation where the tariffs on merchandise admitted to the zone in its condition at the time admitted to the zone products are lower than the tariffs on finished products themselves.

• True

• False

When must proof of export be submitted to Customs?

• One year from the date of importation

• Three years from the date of entry

• No later than 30 days after the TIB expiration

• 10 days prior to export

When an importer chooses to have his FTZ goods classified for tariff purposes as what it is at the time it enters into the FTZ, rather than as what those goods can become after being manipulated or manufactured, this status is referred to as:

• Privileged Foreign Status

• Zone Restricted Status

• Non-Privileged Foreign Status

• Domestic Status