Absent an extension or suspension, an entry that CBP has not liquidated within one year from the date of entry is:
- Void, and the merchandise must be re-entered
- Liquidated at the highest rate of duty applicable to the merchandise
- Deemed liquidated at the rate of duty, value, quantity and amount of duties asserted by the importer of record
- Automatically extended for one additional year
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C. Deemed liquidated at the rate of duty, value, quantity and amount of duties asserted by the importer of record
Except as provided in § 159.12, an entry not liquidated within one year is deemed liquidated by operation of law at the rate of duty, value, quantity and amount of duties asserted by the importer of record.
Source: 19 CFR 159.11(a)
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