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Current as of January 02, 2025 | Updated by Findlaw Staff
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 § 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.
Cite this article: FindLaw.com - Code of Federal Regulations Title 19. Customs Duties § 19.127.31 Disposition of proceeds - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-19-customs-duties/cfr-sect-19-127-31/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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