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Exam CLTD topic 1 question 208 discussion

Actual exam question from APICS's CLTD
Question #: 208
Topic #: 1
[All CLTD Questions]

An agricultural corporation must receive permission from the Country X government to export rice to Country Y because Country Y has an import quota on Country X's rice. The document used to provide this permission is called a:

  • A. merchandise visa.
  • B. duty drawback.
  • C. merchandise duty.
  • D. customs bond.
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Suggested Answer: B 🗳️
by am2005 at March 6, 2024, 7:16 p.m.

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am2005
8 months, 3 weeks ago
C. Merchandise Duty: This is the correct answer. It's a term used to describe the tax imposed on goods when they are transported across international borders. In this context, it's used as a document that gives permission to export goods.
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