CBLE Bonds, Foreign Trade Zones & Bonded Warehouses question: bond's measure of liquidated damages

CBLEBonds, Foreign Trade Zones & Bonded Warehouses

A shipment of goods regulated by FDA is released under bond, and the importer fails to redeliver it when CBP demands. The goods are valued at $15,000. What is the bond's measure of liquidated damages?

A $45,000, three times the value
B $30,000, two times the value of the merchandise
C $1,000, the fixed amount for each default
D $15,000, the value of the merchandise involved

Show the answer and explanation

Answer: A. $45,000, three times the value

19 CFR 113.62(n)(1) sets liquidated damages at the value of the merchandise involved, or three times that value if the merchandise is restricted or prohibited or is alcoholic beverages. FDA-regulated goods released conditionally are restricted merchandise for this purpose, so the measure is 3 x $15,000 = $45,000. Source: 19 CFR 113.62(n)(1) (eCFR, as at 7 Oct 2026).

Common mistake

Using the single-value measure for restricted goods.

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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.