April 2022 — Question 62

Which of the following statements is NOT correct?

• AMerchandise imported in excess of either an absolute or a tariff-rate quota may be held for the opening of the next quota period by placing it in a foreign-trade zone or by entering it for warehouse, or it may be exported or destroyed under Customs supervision.
• BReduced or modified duty rates under tariff-rate quotas are not applicable to products imported directly and indirectly from the countries or areas listed under the General Note 3(b), Harmonized Tariff Schedule of the United States (HTSUS).
• CQuotas vary by the type of commodity involved, the country of exportation, the period or periods the quota is open and the type of quota.
• DAt the opening of the quota an importer shall be permitted to present entries or withdrawals for consumption of quota-class merchandise for a quantity 10% in excess of the quantity admissible under the applicable quota.✓ CBP's answer
• EIn the event a quota is prorated, entry summaries for consumption, or withdrawals for consumption, with estimated duties attached, shall be returned to the importer for adjustment.