Identify the INCORRECT statement regarding informal entries.
A. The Importer of Record can be changed
B. The entry value may not exceed $2500
C. Informal entry will liquidate on the date of release
D. An informal entry does not have a bond requirement
E. Merchandise that is subject to quota restraint cannot be filed as an informal entry
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The Answer is : A
Citation: 19CFR??128.24, ACE Business Rules Sec. 7.1, Pg 14
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