Imported merchandise was released by CBP and placed in a bonded warehouse on January 1. The merchandise was withdrawn from the warehouse under ten separate withdrawals beginning on March 15 and ending on December 2. Which of the following is correct?
A. The warehouse entry must be liquidated on or before January 1 of the following year
B. The warehouse entry must be liquidated within one year of March 15 of the following year
C. Liquidation will be extended until all merchandise covered by the entry is accounted for
D. The warehouse entry must be liquidated within one year of December 2
E. Liquidation will be suspended until all merchandise covered by the entry is accounted for
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The Answer is: D or E
Citation: 19 CFR 159.52
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