CBLE Bonds, Foreign Trade Zones & Bonded Warehouses question: CBP claim under the basic importation bond

CBLEBonds, Foreign Trade Zones & Bonded Warehouses

An importer's estimated duties of $380.00 were due by ACH on a statement, but the payment was not transmitted on time. No other bond condition was breached. What liquidated damages may CBP claim under the basic importation bond?

A $380.00
B $760.00
C $1,000.00
D $1,140.00

Show the answer and explanation

Answer: C. $1,000.00

19 CFR 113.62(n)(4) sets liquidated damages for a default on the condition to deposit estimated duties on time (113.62(a)(1)(i)) at two times the unpaid duties, taxes and charges, or $1,000, whichever is greater. A failed ACH transmission is a presumed default. Two times $380.00 is $760.00, so the $1,000.00 floor applies. $1,140.00 is three times, the restricted-merchandise measure for other defaults. Source: 19 CFR 113.62(a)(1)(i), (n)(4) (eCFR, as at 7 Oct 2026).

Common mistake

Stopping at two times the unpaid amount and missing the $1,000 floor.

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Original study material mapped to the public CBP exam categories; not a real test question.Independent. Not affiliated with or endorsed by U.S. Customs and Border Protection (CBP). Verify figures and rules against current guidance before relying on them.