15 CFR 904.503
§ 904.503 Appraisement.
United States · 15 CFR — Commerce and Foreign Trade · Status: effective
Cite this
- Citation
- 15 CFR 904.503, § 904.503 Appraisement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/62522
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Full text
NOAA may appraise seized property to determine its domestic value. Domestic value means the price at which such or similar property is offered for sale at the time and place of appraisement in the ordinary course of trade. If there is no market for the seized property at the place of appraisement, the value in the principal market nearest the place of appraisement may be used. If the seized property may not lawfully be sold in the United States, its domestic value may be determined by other reasonable means.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.