There has been a theft of merchandise within your bonded warehouse facilities. As the bonded warehouse proprietor, you must notify the port director immediately of the theft and confirm in writing to Customs within ____ (business days) after being brought to the attention of the Port Director, if the theft of merchandise is equal to _____(percent) or more of the value of the merchandise in an entry or covered by a unique identifier or is subject to duties and taxes in excess of _____(dollars). Which ONE of the following correctly fills in the blanks found directly above?
A) 5 business days; 1%; $100.00
B) 7 business days; 20%; $500.00
C) 10 business days; 10%; $1000.00
D) 20 business days; 5%;$1000.00
E) 30 business days; 2%; $100.00
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The Answer is: A
Citation: 19.12(d)(3)
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