Customs Clearance Audit and Investigation
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Questions and Answers

The Bureau can conduct an audit examination only within one year from the date of final payment of duties and taxes.

False

The assessment of goods is considered conclusive immediately after the goods have been released.

False

The Bureau can investigate records pertaining to any goods declaration for the purpose of determining the liability of the Importer for duties and taxes.

True

The Bureau has no authority to impose fines or penalties during the audit examination.

<p>False</p> Signup and view all the answers

The period of limitation for the assessment is one year from the date of final payment of duties and taxes.

<p>False</p> Signup and view all the answers

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