Provided the person is not excused from the penalty pursuant to Customs regulations, the willful failure of a person to maintain, store, or retrieve a demanded record(s) will be subject to a penalty, for each release of merchandise, not to exceed ______________, or an amount equal to ______________ of the appraised value of the merchandise, whichever amount is less. Which ONE of the following answers correctly completes both blanks found directly above?
A) $10,000; 40 percent
B) $10,000; 75 percent
C) $100,000; 40 percent
D) $100,000; 75 percent
E) $30,000; 10 percent
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The Answer is: D
Citation: 19 CFR 163.6(b)
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