QUESTION 32

1. With a foreign trade zone you may re-export when the prices in the international market improve

   True

   False

1 points

QUESTION 33

1. In the case, Nissan v. U.S., the court concluded the imported production machinery is duty free because without the machinery Nissan would leave the U.S. for a more hospitable country

   True

   False

1 points

QUESTION 34

1. The formal entry refers to the process required to import goods into the customs territory of a country

   True

   False

1 points

QUESTION 35

1. Goods many only be entered into customs territory through a licensed importer or licensed customs broker

   True

   False

1 points

QUESTION 36

1. If entry is done by way of a licensed customs broker, the importer is relived of any financial liability

   True

   False