[Code of Federal Regulations]
[Title 7, Volume 5]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR356.2]

[Page 476]
 
                          TITLE 7--AGRICULTURE
 
 CHAPTER III--ANIMAL AND PLANT HEALTH INSPECTION SERVICE, DEPARTMENT OF 
                               AGRICULTURE
 
PART 356--FORFEITURE PROCEDURES--Table of Contents
 
Sec. 356.2  Appraisement.

    Promptly following the seizure or other receipt of property 
specified in Sec. 356.1, the Deputy Administrator shall determine the 
retail value of such property in the same quantity or quantities as 
seized. If the property may lawfully be sold in the United States, the 
value thereof shall be determined by ascertaining the price at which the 
property or similar property in the ordinary course of trade is freely 
offered for sale at the time of appraisement, and at a principal market 
as close as possible to the place of appraisement. If the property may 
not lawfully be sold in the United States, the value thereof shall be 
determined by other reasonable means.