[Code of Federal Regulations]

[Title 31, Volume 2]

[Revised as of July 1, 2005]

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

[CITE: 31CFR401.4]



[Page 529-530]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

         CHAPTER IV--SECRET SERVICE, DEPARTMENT OF THE TREASURY

 

PART 401_SEIZURE AND FORFEITURE OF VESSELS, VEHICLES AND AIRCRAFT USED TO TRANSPORT COUNTERFEIT COINS, OBLIGATIONS, SECURITIES, AND PARAPHERNALIA--Table of Contents

 

Sec.  401.4  Duties of Bureau of Customs.



    With respect to every vessel, vehicle, and aircraft seized and 

placed in the custody of a district director of customs pursuant to the 

said act of August 9, 1939, and the regulations in this part, the 

appropriate officials of the Bureau of Customs are hereby authorized and 

designated as the officers who shall perform such administrative duties 

in connection with--

    (a) The summary and judicial forfeiture and condemnation of such 

vessel, vehicle, or aircraft;

    (b) The disposition of such vessel, vehicle, or aircraft or the 

proceeds from the sale thereof;

    (c) The remission or mitigation of the forfeiture of such vessel, 

vehicle, or aircraft; and

    (d) The compromise of claims and the award of compensation to 

informers in respect to such vessel, vehicle, or aircraft;



as may be necessary and proper by virtue of the provisions of said act 

of August 9, 1939, and by virtue of the provisions of the customs laws 

which the said act makes applicable in connection with seizures and 

forfeitures incurred or alleged to have been incurred under the said act 

and the regulations in this part. In the performance of said 

administrative duties the said appropriate officials of the Bureau of 

Customs shall be governed by the procedures established by the customs 

regulations, insofar as such procedures are applicable and not 

inconsistent with the provisions of the said act of August 9, 1939, and 

the regulations in this part. Powers of the character of those exercised 

by the Secretary of the Treasury and Commissioner of Customs is 

connection with the remission or mitigation of forfeitures under the 

customs laws and in connection with the compromise of claims and the 

award of compensation to informers under the customs laws shall be 

exercised by the Secretary of the Treasury in connection with the 

remission or mitigation of forfeitures under the said act of August 9, 

1939, and in connection with the compromise of claims and the award of



[[Page 530]]



compensation to informers under the said act.