A shipment of tuna valued at $15,000 is subject to tariff-rate quota restrictions. At the time of importation a high tariff rate is in effect, but a lower rate is expected later. To take advantage of the lower rate, the filer can _____.
A. File a formal consumption entry, type 01
B. File a formal consumption entry, type 02, pay the higher duty rate, and file a protest for a refund when the lower duty rate becomes effective
C. File an informal consumption entry, type 12, and pay a flat duty rate of 10%
D. File a warehouse entry type 21 and, when the lower rate becomes effective, withdraw the merchandise with a warehouse withdrawal type 31 and pay the lower duty rate
E. File a warehouse entry type 21 and, when the lower rate becomes effective, withdraw the merchandise with a warehouse withdrawal type 32 and pay the lower duty rate
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: E
Citation: 19 CFR 132.5(c)
[/bg_collapse]