(a) Place of retention. A licensed customs broker must maintain originals of the records referred to in this part, including any records stored in electronic formats, within the customs territory of the United States and in accordance with the provisions of this part and part 163 of this chapter.
(b) Period of retention. The records described in this section, other than powers of attorney, must be retained for at least 5 years after the date of entry. Powers of attorney must be retained until revoked, and revoked powers of attorney and letters of revocation must be retained for 5 years after the date of revocation or for 5 years after the date the client ceases to be an “active client” as defined in § 111.29(b)(2)(ii), whichever period is later. When merchandise is withdrawn from a bonded warehouse, records relating to the withdrawal must be retained for 5 years from the date of withdrawal of the last merchandise withdrawn under the entry.
[CBP Dec. 12-12, 77 FR 33966, June 8, 2012, as amended by CBP Dec. 22-21, 87 FR 63316, Oct. 18, 2022]
Notes of Decisions
In Re Grand Jury Proceedings. Robert M. McCoy & Charles Sussman, 601 F.2d 162 (5th Cir. 1979).
“The records it requires to be kept must be maintained within the customs district to which they relate for at least six years after the date of *170 entry, 19 C.F.R. § 111.23 (a), and must be made available for inspection by Customs field auditors or special agents.”
Urbano v. United States, 967 F. Supp. 1322 (Ct. Intl. Trade 1997).
“21 (1994) (requiring broker to maintain "records of account reflecting all his financial transactions as a broker”); 19 C.F.R. § 111.23 (a)(2) (1994) (requiring records be kept by a broker "for at least 5 years after the date of entry”); 19 C.”
O'Quinn v. United States, 100 F. Supp. 2d 1136 (Ct. Intl. Trade 2000).
· cites it 3× “Moreover, Defendants cite 19 C.F.R. § 111.23 (a)(l)(1997) to support its finding that these records must be retained at the broker’s “place of business.”
O'Quinn v. United States, 100 F. Supp. 2d 1136 (Ct. Intl. Trade 2000).
· cites it 3× “Moreover, Defendants cite 19 C.F.R. § 111.23 (a)(l)(1997) to support its finding that these records must be retained at the broker’s “place of business.”
Kazangian v. Brady, 15 Ct. Int'l Trade 488 (Ct. Intl. Trade 1991).
“19 C.F.R. § 111.23 (a)(2). The specifications charge that Mr.”
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