Section 592 penalty
Also called: 19 USC 1592 · 1592 penalty
A US civil penalty for entering goods by means of material false statements or omissions, graded by culpability as negligence, gross negligence or fraud, with maximum amounts linked to the loss of duty or the value of the goods. A valid prior disclosure can sharply reduce the penalty.
In practice
Penalty exposure under section 592 is a strong reason to correct systematic errors through a prior disclosure as soon as they are found.
Applies to: 
USA
Related terms
- Customs penalty
- A sanction imposed for breaching customs rules, such as wrong declarations, missing documents or failure to present goods. Penalties are set…
- Voluntary disclosure
- Notifying customs on your own initiative about errors in past declarations before an investigation starts. In the US a prior disclosure under 19 USC…
- Reasonable care
- The legal duty of US importers, introduced by the Customs Modernization Act of 1993, to use reasonable care in declaring classification, value,…