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FTZ shortage reporting threshold

October 2024 examEntry/Entry SummaryQuestion 46 of 80

A foreign trade zone operator discovers missing merchandise from a lot within the zone. If a consumption entry was filed, the missing merchandise would have been subject to $500.00 in duties and taxes. What is the minimum amount of shortage in quantity of merchandise in a lot that requires a zone operator to file a written report to the port director immediately upon discovery?

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CBP answer key: Answer A · 19 CFR 146.53(a)(3)Source: CBP past exams ↗