CustomsBrokerLicenseExam

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April 2026, question 5

Broker Compliance · Penalties, recordkeeping and prior disclosure

Which ONE of the four choices below correctly identifies how long a customs broker must retain the speficied type of record?

  1. An entry summary document, or CBP Form 7501, must be retained for three years after the date of entry.
  2. Records concerning the filing of a drawback claim must be retained for three years after liquidation of the claim or for a longer period if required by law.
  3. Records relating to the withdrawal of merchandise from a bonded warehouse must be retained for five years after the date of entry into the bonded warehouse.
  4. A document or letter by which an importer revokes a previously granted power of attorney to a customs broker must be retained for five years after the execution date of the subject power of attorney.
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CBP's answer: B. B: Records concerning the filing of a drawback claim must be retained for three years after liquidation of the claim or for a longer period if required by law.

Drawback claim records must be kept for 3 years after liquidation, or longer if the law requires (190.15), so B is right. The general rule in 163.4(a) is 5 years from the date of entry, which is why the three-year entry summary statement in A is wrong, and the other choices misstate the retention periods for their record types.

must be retained for 3 years after liquidation of such claims or longer period if required by law 19 CFR 190.15
shall be kept for 5 years from the date of entry, if the record relates to an entry 19 CFR 163.4(a)

Search for: 3 years after liquidation of such claims

CBP's key cites: 19 CFR 163.4(a); 19 CFR 111.23(a); 19 CFR 190.15

Question and key from CBP's April 2026 exam and answer key. The walk-through is ours; quotes are from the pinned editions in the reference viewer (HTSUS 2026 Basic, 19 CFR 2025 edition).