Home / Past exams / October 2024 / Question 47
October 2024, question 47
Entry / Entry Summary · Entry and release
A single entry bond was filed with an entry. What shall the port director do if a broker fails to file the entry summary in a timely manner?
- Issue a penalty for the domestic value of the merchandise.
- Make a demand for liquidated damages in the amount of the bond.
- Cancel the entry and return it to the broker for refiling.
- Liquidate the entry and send a bill for the duty due.
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CBP's answer: B. B: Make a demand for liquidated damages in the amount of the bond.
If the entry summary is not filed on time, the port director makes an immediate demand for liquidated damages in the entire amount of the bond when a single entry bond was filed (B). The port director does not cancel the entry, liquidate it or assess a domestic-value penalty.
the port director shall make an immediate demand for liquidated damages in the entire amount of the bond in the case of a single entry bond 19 CFR 142.15
Search for: failure to file entry summary timely liquidated damages
CBP's key cites: 19 CFR 142.15
Question and key from CBP's October 2024 exam and answer key. The walk-through is ours; quotes are from the pinned editions in the reference viewer (HTSUS 2026 Basic, 19 CFR 2025 edition).