Which statement about an anticipatory breach of a Temporary Importation Bond is incorrect?
A. By submitting payment of liquidated damages for an anticipatory breach, the importer waives the right to petition for mitigation of the amount.
B. Payment of liquidated damages constitutes waiver of the importer’s right to receive a notice of claim for liquidated damages.
C. The importer may submit written notification to CBP of the anticipatory breach after the bond period has expired.
D. Payment of liquidated damages must accompany the written notification to CBP of the anticipatory breach.
E. The importer must notify the surety in writing of the anticipatory breach and the payment.
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The Answer is: C
Citation: 10.39(f) and 172.1
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