Topics / Duties of a licensed broker
Which activity is "customs business"?
- Transactions with CBP concerning the classification and valuation of merchandise
- The mere electronic transmission of data received for transmission to CBP
- A corporate compliance activity
- Arranging ocean freight for an exporter
Show the answer
A. Transactions with CBP concerning the classification and valuation of merchandise
Customs business covers transactions with CBP concerning entry and admissibility, classification and valuation, payment of duties, taxes or other charges, and their refund, rebate or drawback. It excludes the mere electronic transmission of data and corporate compliance activity.
Source: 19 CFR 111.1
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