|
U.S. Code as of:
01/19/04
Section 1753. Disposition of articles entered for fairs
(a) Disposition upon payment of duties and taxes
At any time before, or within 3 months after, the closing date of
any fair, any article entered for such fair under section 1752 of
this title may be sold or otherwise disposed of within, or may be
removed from, the area of such fair. This subsection shall apply
only if, before such disposition or removal -
(1) the article, after the entry for such fair under section
1752 of this title, has been entered under any provision of the
customs laws, and
(2) any applicable duties and internal-revenue taxes are paid
on such article in its condition and quantity, and at the rate in
effect, at the time of such entry as if such article were
imported or brought into the United States at the time of such
entry.
(b) Disposition without payment of duties or taxes
At any time before, or within 3 months after, the closing date of
any fair, any article entered for such fair under section 1752 of
this title may, without the payment of any duties or
internal-revenue taxes, be -
(1) exported,
(2) transferred from such fair to other customs custody status
or to a foreign-trade zone,
(3) destroyed, or
(4) abandoned to the Government.
(c) Mandatory abandonment to Government
If any article entered under section 1752 of this title is still
in customs custody, under such entry, at the expiration of 3 months
after the closing date of the fair for which it was entered, such
article shall thereupon be regarded as an article abandoned to the
Government and shall be subject to sale or destruction of the
article and disposition of the proceeds of sale in the manner
provided for in sections 1491, 1492, and 1493 of this title. For
purposes of this subsection, any duties or internal-revenue taxes
on the article shall be computed on the basis of its condition and
quantity at the time it becomes subject to sale.
(d) Period for performance of certain acts
Whenever any article entered under section 1752 of this title is
transferred pursuant to subsection (b)(2) of this section or
entered under subsection (a) of this section, the period prescribed
for the performance of any act required by the provision governing
the status to which the article is transferred, or under which the
article is entered, shall run from the date of such transfer or
entry.
|
|