A Binding Ruling, Issued by the U

question 45

Multiple Choice

A binding ruling, issued by the U.S. Bureau of Customs and Border Protection, is issued with regard to:

• A) penalties imposed for non-payment of duties owed.
• B) advance determination of the dutiable status of goods.
• C) seizure of goods not allowed for import to U.S.
• D) all of the above.

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Definitions:

Registered Office

The official address of a company or organization, registered with the appropriate legal authorities, where official documents are sent.

Good Faith

A principle that emphasizes honesty, fairness, and sincerity in the execution of obligations or dealings.

Defect In Incorporation

Errors or omissions that occur during the process of forming a corporation, which could affect the entity's legal status.

Corporation By Estoppel

A principle where a business is treated as a corporation for legal purposes, even if it failed to complete formal incorporation processes, due to its actions or representations to third parties.