Too Loud Audio imported three speakers as samples for use in taking orders under a Temporary Importation Bond (TIB) on June 1, 2012, subheading classification 9813.00.20. They have extended the expiration period by two one-year time periods. In May, 2015 the broker notifies the importer that the TIB is about to reach its expiration date. The importer has indicated that it will not be able to export or destroy the speakers by the TIB’s expiration date. What is the importer’s best option?
a) Extend the TIB for an additional one-year time period
b) File an anticipatory breach and pay liquidated damages of 110% of all duties and the merchandise processing fee
c) Export similar speakers of the same value
d) File an anticipatory breach and pay liquidated damages for double the duties and the merchandise processing fee
e) Sell the speakers
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The Answer is: B
Citation: 19 CFR 10.39(f),
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