Home Discussion Entry/Entry Summary requirements Am I correct that the answer based on 24.3 and 24.3(a) is now 30 days ?

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  • Douglas Meadows
    Participant
    Post count: 25

    5. Question1 point
    Customs bills for additional duties assessed upon liquidation or reliquidation are due in how many days from the date of such liquidation or reliquidation?

    A. 5
    B. 10
    C. 15
    D. 30
    E. 90
    Incorrect. Correct choice is: C
    Explanation: CFR 24.3 & 24.3(a)

    admin
    Keymaster
    Post count: 70

    Prior to October 1999, 19 CFR 24.3 (e) provided that (1) a bill for increased or additional duties determined to be due upon a liquidation or reliquidation is due 15 days from the date of such liquidation or reliquidation,

    However, this was amended in Oct 1999 to the effect that duties, fees, and interest determined to be due upon liquidation or reliquidation are due 30 days after issuance of the bill for payment.

    The current version of the regulations 19 CFR ยง 24.3 (e) states that except for bills resulting from dishonored checks or dishonored Automated Clearinghouse (ACH) transactions, all other bills for duties, taxes, fees, interest, or other charges are due and payable within 30 days of the date of issuance of the bill. Bills resulting from dishonored checks or dishonored ACH transactions are due within 15 days of the date of issuance of the bill.

    Therefore, the correct answer choice under the current regulations is D. 30 days. Please provide the quiz or test number and question number so I can update the answer.

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