19 U.S.C. § 1492 — Destruction of abandoned or forfeited merchandise
submitted 96 years ago by ch. 497 to r/title-19-CUSTOMS-DUTIES · 100 words · no verdicts yet
Except for specified tobacco, snuff, and distilled-spirit provisions, customs merchandise subject to internal-revenue tax may be destroyed, retained, or otherwise disposed of instead of auctioned when it is not expected to sell for enough to pay the tax.
Except for R.S. § 3369 concerning tobacco and snuff and section 901 of the Revenue Act of 1926 concerning distilled spirits, merchandise abandoned or forfeited under the customs laws that is subject to an internal-revenue tax and that Customs believes will not sell for enough to pay that tax must promptly be destroyed, kept for official use, or otherwise disposed of under Treasury regulations.
Except as provided in R.S. § 3369 (relating to tobacco and snuff), and in section 901 of the Revenue Act of 1926 (relating to distilled spirits), any merchandise abandoned or forfeited to the Government under the preceding or any other provision of the customs laws, which is subject to internal revenue tax and which the Customs Service shall be satisfied will not sell for a sufficient amount to pay such taxes, shall be forthwith destroyed, retained for official use, or otherwise disposed of under regulations to be prescribed by the Secretary of the Treasury, instead of being sold at auction.
Source credit: (June 17, 1930, ch. 497, title IV, § 492, 46 Stat. 727; Pub. L. 91–271, title III, § 301(b), June 2, 1970, 84 Stat. 287; Pub. L. 103–182, title VI, § 660, Dec. 8, 1993, 107 Stat. 2214.)
- 1930Enacted · Act of June 17, 1930, ch. 497 · 46 Stat. 727
- 1970Amended · Pub. L. 91-271 · 84 Stat. 287
- 1993Amended · Pub. L. 103-182 · 107 Stat. 2214
A history note hasn’t been published yet. The record shows enactment by ch. 497 on 1930-06-17.
all 0 arguments · sorted by: best
no arguments yet — make the first case