April 2022 — Question 61
Which definition below does NOT properly define the bolded and italicized term in the sentence according to 19 CFR?
- AAbsolute (or quantitative) quota is a claim that a good is entitled to the duty rate applicable under the U.S.-Chile FTA and to an exemption from the Merchandise Processing Fee (MPF).✓ CBP's answer
- BTariff-rate quota permits a specified quantity of merchandise to be entered or withdrawn for consumption at a reduced duty rate during a specified period.
- CQuota-class merchandise is any imported merchandise subject to limitations under an absolute or a tariff-rate quota.
- DQuota priority is the precedence granted to 1 entry or withdrawal for consumption of quota-class merchandise over other entries or withdrawals of merchandise subject to the same quota.
- EQuota status is the standing which entitles quota-class merchandise to admission under an absolute quota, or to a reduced rate of duty under a tariff-rate quota, or to any other quota benefit.
CBP's cited authority
§ 19 CFR 10.402(c) 19 CFR 132.1
Answer and citations as published in CBP's official answer key for the April 2022 examination.
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