2000 April No. 71


Liquidated Damages refer to:

A) Monies due to Customs after an entry is liquidated.

B) All Customs bills.

C) The same as penalties for violation of 19 U.S.C. 1592.

D) Monies due to Customs for the breach of the conditions of any Customs bond.

E) Monies due to Customs only when duties were not paid on time.

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The Answer is: D

Citation: 19 CFR 172. 1(a)

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