April 2022 — Question 21
If an entry summary is not filed timely, CBP will immediately demand liquidated damages in which of the amounts listed below?
- AIf a single transaction bond, the entire amount of the single transaction bond✓ CBP's answer
- BIf a continuous bond, 10% of the value of the continuous bond
- C5% of the total entered value
- DIf a single transaction bond, 50% of the entire amount of the single transaction bond
- ETotal amount of duties, taxes, and fees owed
Why this answer
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CBP's cited authority
§ 19 CFR 142.15
Answer and citations as published in CBP's official answer key for the April 2022 examination.
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