54. When may a $10,000 recordkeeping penalty be assessed?
A. When the broker has been involved in larceny, theft, robbery, extortion, forgery, counterfeiting fraudulent concealment, embezzlement, or misappropriation of funds
B. When the failure to comply with a CBP records request is a result of negligence in maintaining, storing, or retrieving the demanded record
C. When the failure to comply with a CBP records request is a result of an Act of God
D. When the entry is not filed within 10 days of importation
E. When the broker does not maintain the record of the POA on a corporation for 5 years after the date of written separation
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: B
Citation: 19 CFR 163.6 (b)(ii)
[/bg_collapse]