When filing a prior disclosure, the disclosing party may choose to make the tender of actual loss of duties, taxes, and fees, or actual loss of revenue. When must the disclosing party make the tender of actual loss of duties, taxes, and fees, or actual loss of revenue?
a) Within 1 year of filing the prior disclosure
b) At the time of the claimed prior disclosure or within 30 days after Customs notifies the person in writing of Customs calculation of the actual loss of duties, taxes and fees or actual loss of revenue
c) At the time of the claimed prior disclosure or within 90 days after Customs notifies the person in writing of Customs calculation of the actual loss of duties, taxes and fees or actual loss of revenue
d) Within 1 year of filing the prior disclosure or within 30 days after Customs notifies the person in writing of Customs calculation of the actual loss of duties, taxes and fees or actual loss of revenue
e) Within 90 days after Customs notifies the person in writing of Customs calculation of the actual loss of duties, taxes and fees or actual loss of revenue
[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: 19CFR162.74(c)
[/bg_collapse]