Law Offices of
MICHELLE RODENBORN

Are you informed? Are you compliant?

Test your knowledge of Recordkeeping Requirements under the Mod Act  Revisions to Title 19. Are the following statements True or False?

1) As a recordkeeper under the statute (owner,  importer, consignee, or entry filer) I need only keep those documents required  for the entry of merchandise which are designated by Customs on the "(a)  (1) (A)" list.
(True / False)

2) I am not required to keep entry records  which are waived by Customs at the time of entry.
(True / False)

3) The new recordkeeping penalties which may be  imposed by Customs are not as severe as those sought by Customs during  negotiation of the Mod Act.
(True / False)

4) If I cannot produce financial and accounting  documents for Customs' review upon demand I am liable for the new recordkeeping  penalties.
(True / False)

5) My correspondence files are confidential,  privileged documents and need not be turned over to Customs, nor may they be the  subject of a subpoena.
(True / False)

6) During a Compliance Assessment, Customs will  be looking at issues such as classification, valuation, special duty programs  and the like, but will not focus on my recordkeeping system.
(True / False)

For more information about recordkeeping issues and Customs' proposal for a Recordkeeping Compliance Program, send an e-mail to customs@rodenborn.com.