2006 April No.18 – QUOTA


Which of the following is TRUE for quotas expected to fill immediately upon opening?

A. Submissions prior to the opening are accorded preferential quota priority and status

B. The opening is 12:00 noon in all time zones

C. Entries or withdrawals for consumption submitted timely and in proper form for the opening are all considered presented simultaneously for reporting purposes

D. For the opening, an importer may present a quantity in excess of the quota threshold in order to maximize his or her allotment should a proration be necessary

E. When entries or withdrawals for consumption are resubmitted within five days of the announcement of a proration, they are given a new date and time of presentation

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The Answer is: C

Citation: 19 CFR 132.12; 132.4

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