[Code of Federal Regulations]
[Title 19, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 19CFR127.37]

[Page 626-627]
 
                        TITLE 19--CUSTOMS DUTIES
 
  CHAPTER I--UNITED STATES CUSTOMS SERVICE, DEPARTMENT OF THE TREASURY
 
PART 127--GENERAL ORDER, UNCLAIMED, AND ABANDONED MERCHANDISE--Table of Contents
 
                       Subpart D--Proceeds of Sale
 
Sec. 127.37  Insufficient proceeds.

    (a) Warehouse merchandise deemed involuntarily abandoned. If the 
proceeds of sale of warehouse merchandise deemed involuntarily abandoned 
are insufficient to pay the duties after payment of all charges having 
priority, the deficiency shall be collected under the bond for the 
importation and entry of merchandise on Customs Form 301, containing the 
bond conditions set forth in Sec. 113.62 of this chapter.
    (b) Unclaimed merchandise and trade fair articles involuntarily 
abandoned. If the proceeds of sale of unclaimed merchandise or trade 
fair articles involuntarily abandoned are insufficient to pay the 
charges and duties, the consignee shall be liable for the deficiency 
unless the merchandise was shipped to him without his consent. If no 
entry for the merchandise has been filed, and no other attempt to 
control the merchandise has been made, the merchandise shall be regarded 
as shipped to the consignee without his consent and no

[[Page 627]]

effort shall be made to collect any deficiency of duties or charges from 
such consignee.

[T.D. 74-114, 39 FR 12092, Apr. 3, 1974, as amended by T.D. 84-213, 49 
FR 41183, Oct. 19, 1984]