66. What is the maximum penalty without prior disclosure that can be assessed for gross negligence if there is a loss of duties, taxes and fees?
A. The domestic value of the merchandise
B. 40% of the dutiable value of the merchandise
C. One times the loss of duties, taxes and fees
D. Value of the shipment
E. The lesser of the domestic value of the merchandise or four times the loss of duties, taxes, and fees
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The Answer is: E
Citation: 19 CFR 162.73(a)2)(i)
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