[Code of Federal Regulations]

[Title 19, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 19CFR127.31]



[Page 686]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

              HOMELAND SECURITY; DEPARTMENT OF THE TREASURY

 

PART 127_GENERAL ORDER, UNCLAIMED, AND ABANDONED MERCHANDISE--Table 

of Contents

 

                       Subpart D_Proceeds of Sale

 

Sec.  127.31  Disposition of proceeds.





    From the proceeds of sale of merchandise remaining in public stores 

or in bonded warehouse beyond the time fixed by law, the following 

charges shall be paid in the order named:

    (a) Internal revenue taxes.

    (b) Expenses of advertising and sale.

    (c) Expenses of cartage, storage and labor. When the proceeds are 

insufficient to pay such charges fully, they shall be paid pro rata. 

(For merchandise entered for warehousing, see Sec.  127.32 of this 

subpart.)

    (d) Duties.

    (e) Any other charges due the United States in connection with the 

merchandise.

    (f) Any sum due to satisfy a lien for freight, charges, or 

contributions in general average, of which due notice shall have been 

given in the manner prescribed by law.