What is the actual loss of revenue an importer should submit, with a prior disclosure claim, involving five finally liquidated entries (all misclassified) with the following results: For Entry 1, the importer underpaid $1,350 in duty For Entry 2, the importer underpaid $350 in duty For Entry 3, the importer overpaid $1,350 in duty For Entry 4, the importer underpaid $15 in duty For Entry 5, the importer overpaid $10 in duty
A. 355
B. 1715
C. 1700
D. 350
E. 1360
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: B
Citation: 19 C.F.R. 162.74
[/bg_collapse]