[Code of Federal Regulations]

[Title 19, Volume 2]

[Revised as of April 1, 2006]

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

[CITE: 19CFR147.47]



[Page 133-134]

 

                        TITLE 19--CUSTOMS DUTIES

 

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

        HOMELAND SECURITY; DEPARTMENT OF THE TREASURY (CONTINUED)

 

PART 147_TRADE FAIRS--Table of Contents

 

           Subpart E_Disposition of Articles Entered for Fairs

 

Sec.  147.47  Mandatory abandonment.



    Any article entered for a fair, and not disposed of under the 

provisions of this subpart prior to the expiration of 3 months after the 

close of the fair shall be regarded as abandoned to the Government, and 

subject to sale or destruction. Proceeds of sale shall be disposed of in 

the manner provided in sections 491, 492, and 493, Tariff Act of 1930, 

as amended, and the regulations thereunder. (See subpart D of part 127 

of this chapter.) Any duties or internal revenue taxes on such article 

shall be computed on the basis of its condition



[[Page 134]]



and quantity at the time it becomes subject to sale.



[T.D. 70-134, 35 FR 9268, June 13, 1970, as amended by T.D. 74-114, 39 

FR 12095, Apr. 3, 1974]