Jack files a temporary importation bond entry in March 2012. In February 2013 he calls Customs to find out if the entry has liquidated. Which of the following is correct?
A) Temporary importation bond entries liquidate within 90 days from the date of summary.
B) Temporary importation bond entries liquidate 1 year from the date of release.
C) Temporary importation bond entries don’t liquidate.
D) Temporary importation bond entries are valid for 1 year and then may be converted into a consumption entry and therefore liquidate within 2 years.
E) None of the above
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The Answer is: C
Citation: 19 CFR § 10.31(h).
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