61 An importer submits a prior disclosure that states that the importer intentionally misclassified wooden widgets because the importer was having financial difficulties. Since then the importer has experienced a financial turnaround and discloses a loss of revenue to the government in the amount of $72,000. All the entries subject to this disclosure were liquidated. The interest due is $7,500. The disclosure is valid. What is the importer’s monetary penalty?
A. 0
B. 7500
C. 72000
D. 79500
E. $144,000
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The Answer is: C
Citation: 19 CFR 171 Appendix B(C)(2)
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