QUESTION 38

1. Liquidation is a term used when the final assessment of a duty has been made and the duty paid in full
2. True
3. False

1 points

QUESTION 39

1. If you are negligent reporting import data to customs officials, a penalty as high as 20% ad valorem value may be imposed
2. True
3. False

1 points

QUESTION 40

1. In the caseU.S. v. Golden Ship Trading, the court concluded the importer (Ms. Wu) was relieved of her liability because the customs broker failed to correct the error in the certificate of origin
2. True
3. False

1 points

QUESTION 41

1. The dutiable status of goods is determined at the time of entry
2. True
3. False

1 points

QUESTION 42

1. A tariff schedule, such as the U.S. Harmonized Tariff Schedule, is a listing of import items, coded numerically, described by name or use, and withthe appropriate rate of duty
2. True
3. False