October 2022 — Question 58
Importer Y operates a discount jewelry store and advises Broker A that it has a shipment of Rolex Submariner watches arriving from Vietnam. Importer Y asks Broker A to clear the shipment of watches. The shipment is detained and seized by CBP after an inspection revealed that the watches were counterfeit merchandise. The commercial invoice from the vendor in Vietnam indicates that the ten (10) Rolex Submariner watches were sold to Importer Y for $10,000.00. The manufacturer’s suggested retail price (MSRP) of one genuine Rolex Submariner is $19,250.00. Importer Y previously had a shipment of counterfeit NFL Superbowl rings seized and forfeited by CBP. Importer Y receives a notice and demand for a civil fine and consults with Broker A. What is the maximum civil fine amount that could be sought by CBP under these facts? .
- AThe maximum civil fine is $10,000.00.
- BThe maximum civil fine is $19,250.00.
- CThe maximum civil fine is $20,000.00.
- DThe maximum civil fine is $38,500.00.
- EThe maximum civil fine is $385,000.00.✓ CBP's answer
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Answer and citations as published in CBP's official answer key for the October 2022 examination.
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