Merchandise subject to the Federal Food, Drug, and Cosmetic Act requires a single entry bond. The amount of the entry bond is equal to the domestic value of the merchandise at the time of release as if the merchandise were admissible and otherwise in compliance; or:
A. three times the value of the merchandise.
B. the total entered value plus all duties, taxes and fees.
C. the total entered value.
D. equal to 110% of the total estimated duties determined at time of entry.
E. three times the total entered value of the merchandise plus duties, taxes and fees.
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The Answer is: A
Citation: 19 CFR 12.3(b) (referencing 19 CFR 113.62(m))
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