The negligent failure to produce entry documents required by law or regulation for the entry of merchandise after a lawful demand by CBP, will subject the person who is required to maintain the documents to a penalty, per release of merchandise. What is the maximum penalty?
a) $100,000 or an amount equal to 75% of the appraised value of the merchandise, whichever is less
b) $25,000 and 50% of the appraised value of the merchandise
c) $10,000 or an amount equal to 40% of the appraised value of the merchandise, whichever amount is less
d) $1,000,000 or an amount equal to 75% of the appraised value of the merchandise, whichever amount is less
e) No penalty applicable
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The Answer is: C
Citation: 19 CFR 163.6 (b)(ii),
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