October 2020 (PM) — Question 19
Merchandise was exported from the United States on a U.S. issued ATA carnet to Italy. The carnet has now expired and the merchandise was not re-imported to the United States. How much will the U.S. assess the carnet holder in liquidated damages?
- A100% of the import duties and taxes
- B110% of the import duties and taxes
- C150% of the import duties and taxes
- DThree times the value of the merchandise
- EThere will be no penalties or duties assessed by the United States✓ CBP's answer
Why this answer
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CBP's cited authority
§ 19 CFR §10.39§ 19 CFR § 114.33§ 19 CFR § 114.34§ 19 CFR § 172
Answer and citations as published in CBP's official answer key for the October 2020 (PM) examination.
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