Bonding Adhesives Company has asked you to prepare a formal entry for its shipment to arrive within the week. It has given all the appropriate support documentation with the exception of a bond. Bonding Adhesives Company has only been importing for three months, currently does not have a continuous bond on file and would like you to request a waiver of the surety or cash deposit on the bond for entry of merchandise from the local port director. Which ONE of the following would disqualify Bonding Adhesives Company from obtaining the requested bond waiver?
A) Its merchandise can easily be classified.
B) Its past experience does not raise a question as to their ability to redeliver their merchandise.
C) Its merchandise is not subject to quota.
D) It has received several liquidated damages for late payment of entry summaries.
E) Its shipments average around $2,400.
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The Answer is: D
Citation: 19 CFR 142.4(c)(iii)
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