15 C.F.R. § 904.503 Appraisement.
Title 15 - Commerce and Foreign Trade
NOAA will 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 will be used. If the seized property may not lawfully be sold in the United States, its domestic value will be determined by other reasonable means.
Title 15: Commerce and Foreign Trade
PART 904—CIVIL PROCEDURES
Subpart F—Seizure and Forfeiture Procedures
§ 904.503 Appraisement.
