31 CFR 406.3 - Forfeiture of gold valued not in excess of $2,500.

Regulations last checked for updates: Nov 24, 2024

Title 31 - Money and Finance: Treasury last revised: Nov 18, 2024

View all text of Part 406 [§ 406.1 - § 406.5]

§ 406.3 - Forfeiture of gold valued not in excess of $2,500.

The district director of customs receiving custody of gold seized by the Secret Service, shall, if no petition is filed for the remission of mitigation of the forfeiture incurred, institute summary forfeiture proceedings in the judicial district in which such seizure is made under the appropriate provisions of the law and Customs Regulations applicable to the forfeiture of merchandise imported contrary to law.

authority: R.S. 161, as amended, sec. 4, 48 Stat. 340; 5 U.S.C. 301,31.S.C. 443

source: 33 FR 4258, Mar. 7, 1968, unless otherwise noted.

cite as: 31 CFR 406.3