2015 October No.72 – Bonds


Entry summary documentation was not filed in a timely manner for a shipment of $100,000 entered with a Single Transaction Bond (STB) in the amount of $110,000. Liquidated damages will be assessed at___________.

A) The entire amount of the STB ($110,000)

B) $100,000 plus duties and fees

C) $100,000 plus duties

D) 10% of the value of the merchandise

E) The cost of the duties and fees

[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]

The Answer is: A

Citation: 19CFR 142.15

[/bg_collapse]



Subscribe
Notify of