BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Detailed explanation-1: -Prepare and process import and export documentation according to customs regulations, laws, or procedures. Clear goods through customs and to their destinations for clients. Pay, or arrange for payment of, taxes and duties on shipments. Calculate duty and tariff payments owed on shipments.
Detailed explanation-2: -A CUSTOMS BROKER shall conduct himself properly and beyond reproach and shall not conceal facts and/or connive with clients to suppress facts essential in the proper collection of government revenues, or induce importers or his employees to commit frauds. upon or abet in the commission of frauds upon the revenue.
Detailed explanation-3: -Prescribed Qualifications for Customs Brokers (ii) has sufficient financial resources to conduct its business in a responsible manner, and. (iii) has at least one partner who has a sufficient knowledge of the laws and procedures relating to importations and exportations, determined in accordance with section 4; and.