Under Title 19 of the Code of Federal Regulations, which statement is FALSE with respect to informal entries?
A) The value of the merchandise for an informal entry may not exceed $2,500.00.
B) Informal entries liquidate on the date released if duty free.
C) Informal entries are not permitted for restricted and/or prohibited merchandise.
D) A clerical error or mistake of fact on an informal entry is remedied using a post- summary correction(PSC).
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: D
Citation: 19 CFR 159.10 and 19 CFR Part 143, Subpart C
[/bg_collapse]