2014 October No.79 – Fines and Penalties


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 ______.

A. within 1 year of filing the prior disclosure.

B. at the time of the claimed prior disclosure or within 30 days after CBP notifies the person in writing of CBP 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 CBP notifies the person in writing of CBP 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 CBP notifies the person in writing of CBP calculation of the actual loss of duties, taxes and fees or actual loss of revenue.

E. within 90 days after CBP notifies the person in writing of CBP calculation of the actual loss of duties, taxes and fees or actual loss of revenue.

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The Answer is: B

Citation: 19 CFR 162.74(c)

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