An importer makes a $1,000 initial deposit of estimated duties, taxes and fees on January 1, 2001 and the entry liquidates for $1,500 on December 1, 2001. Upon liquidation the importer will be billed for ________. Choose the ONE answer from the following choices that correctly fills in the blank found immediately above.
A) $500 plus interest
B) 1500
C) $1,500 plus interest
D) 500
E) Interest on the $500
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The Answer is: A
Citation: 19 CFR 24.3a
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