Question: Customs law imposes 3 basic obligations (1) to report goods to customs, (II) to make due entry of them, and (III) to pay duties

Customs law imposes 3 basic obligations (1) to report goods to customs, (II) to make due entry of them, and (III) to pay duties and taxes that are applicable. True False

Step by Step Solution

★★★★★

3.24 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

True Reason Customs duty is an indirect tax collected by g... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The Green Arrow can now shoots pico arrows at a speed of 4,90in/hr, if the mass of the arrow is 0,664 picogram what is the wavelength of the arrow in flight (in picometers)? (Enter your answer with 4...

Due to inaccuracies in drug-testing procedures (e.g., false positives and false negatives) in the medical field, the results of a drug test represent only one factor in a physician's diagnosis. Yet,...

Basic segregation of duties requires the credit manager reports to the ________ and the treasurer report to the ________. A) treasurer; controller B) treasurer; vice president of finance C)...

PLEASE ANSWER AS FAST AS YOU CAN Business Law: 3 Q Question 1 Registration with the Commercial Registry is a condition for acquiring the status of a trader. True False Question 1 points Moving to...

QUESTION 1 1.The parties to a sales contract may agree as to the time, place, and manner of delivery. True False QUESTION 2 Unless the parties agree otherwise, the credit period begins to run from...

Business law Question 3 Employees can be held liable for the torts of their employers according to the principle of vicarious liability. True False

The parties to a sales contract may agree as to the time, place, and manner of delivery. True False 0.53 points QUESTION 2 Unless the parties agree otherwise, the credit period begins to run from the...

Essentials of Federal Income Taxation 3. Tips. (Obj. 1) The following questions involve tip income an X in the proper column. question by inserting True False a. Employees receiving less than $20 in...

All of the following should be capitalized as part of PP&E Interest Associated with External Financing Disposal Costs to Remove Previous Structure Repair of HVAC Shipment Costs to Factory Newts...

help me please question 1 Time Value of Money - A key financial principle stating that a dollar today is worth more than a dollar tomorrow. The present value of money is the value today of a cash...

The circuit shown in Fig. contains two batteries, each with an emf and an internal resistance, and two resistors. Find (a) The current in the circuit (magnitude and direction); (b) The terminal...

1. What were Jims motivations in the video? 2. Define perception. What were Jims perceptions about the one bedroom apartment versus the studio apartment? 3. Using the general hierarchy of motivation...

When is a liability not accrued? Multiple select question. When the confirming event is probable, but the amount is not reasonably estimable. When the confirming event is probable, and the amount can...

Klarke plc acquired a subsidiary, Cameroon Ltd, on 1 October 2017. The statements of financial position of Klarke plc and Cameroon Ltd as at 30 September 2018 are as follows: Additional data: (i) The...

B. Render (Rollins College) and R. M. Stair (Florida State University) presented the case of the Bayfield Mud Company (Quantitative Analysis of Management, 1997). Bayfield supplies boxcars of...

The following equation describes a certain dilution process, where y(t) is the concentration of salt in a tank of freshwater to which salt brine is being added. Suppose that y(0) = 0. Plot y(t) for 0...

Many applications require us to know the temperature distribution in an object. For example, this information is important for controlling the material properties, such as hardness, when cooling an...

Using the information you gathered in the previous problem, calculate the operating cycle for each company. What are the similarities or differences? Is this what you would expect from companies in...

Based also on textbook U.S Criminal Justice Policy: A Contemporary Reader Karim Ismaili ents ton ons ides ~ criminal justce policy programming. VIDEO LINK 1:...

Please help me to answer the question: why is IFRS an appropriate direction for accounting practice to ensure consistency and comparability of accounting practice across the world? Use the attach...

write a case note on the case of Rock Advertising Ltd v MWB Business Exchange Centres Ltd [2018] UKSC 24 . This task will bring together a range of skills that you have been developing on Foundations...

1. XYZ Industries, Inc., is incorporated in the British Virgin Islands and is indebted to a US-based company. You are a financial investigator for a US-based firm and are aware of many properties...

Howard county Meryland Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2012 1-Does the government have revenue bonds outstanding that are related to business-type activities?...

3. Research the customs law of Japan and compare them to those of the United States. To compare the customs law of another country see the web site for Japanese Customs at...

You are attending a product development meeting at your company, a U.S. manufacturer of outdoor equipment. Your firm designs and manufacturers tents, bivy sacks, backpacks, and other outdoor...