Without a prior disclosure, the maximum section 592 penalty for negligence with a loss of duties is the lesser of the domestic value or:
- Four times the loss
- One times the loss
- 40 percent of dutiable value
- Two times the loss of duties, taxes and fees
Show the answer
D. Two times the loss of duties, taxes and fees
Negligence: lesser of domestic value or two times the loss; 20 percent of dutiable value if no loss.
Source: 19 CFR 162.73(a)(3)
Want more like this?
A free account gives you a fresh set of practice questions every day, each with its rule and citation.