Which of the following statements regarding absolute quotas is correct?
A. Absolute quotas limit the number of units of merchandise to be entered or withdrawn for consumption during specified periods
B. Absolute quotas permit a specified quantity of merchandise to be entered or withdrawn for consumption at a reduced duty rate during a specified period
C. Absolute quotas limit the value at which merchandise may be sold during specified periods
D. Absolute quotas limit the duty that may be assessed during a specified period
E. Absolute quotas permit unlimited units of merchandise to be entered or withdrawn for consumption during specified periods
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The Answer is: A
Citation: 19 CFR 132.1(a)
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