October 2020 (AM) — Question 17
Identify the INCORRECT statement regarding informal entries.
- AThe Importer of Record can be changed✓ CBP's answer
- BThe entry value may not exceed $2500
- CInformal entry will liquidate on the date of release
- DAn informal entry does not have a bond requirement
- EMerchandise that is subject to quota restraint cannot be filed as an informal entry
Why this answer
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CBP's cited authority
§ 19CFR§128.24§ ACE Business Rules Sec. 7.1§ Pg 14
Answer and citations as published in CBP's official answer key for the October 2020 (AM) examination.
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