# 15 C.F.R. § 904.503 (2026): Appraisement

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_503

## Section

- **Citation:** 15 C.F.R. § 904.503 (2026)
- **Heading:** Appraisement
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 15 CFR: Commerce and Foreign Trade / Chapter IX: NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE / Part 904: CIVIL PROCEDURES / Subpart F: Seizure and Forfeiture Procedures / § 904.503: § 904.503   Appraisement.

## Text

NOAA may appraise seized property to determine its domestic value. Domestic value means the price at which such or similar property is offered for sale at the time and place of appraisement in the ordinary course of trade. If there is no market for the seized property at the place of appraisement, the value in the principal market nearest the place of appraisement may be used. If the seized property may not lawfully be sold in the United States, its domestic value may be determined by other reasonable means.
[87 FR 38942, June 30, 2022]

## Nearby sections

- [15 C.F.R. § 904.500 (2026) § 904.500   Purpose and scope.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_500.md)
- [15 C.F.R. § 904.501 (2026) § 904.501   Notice of seizure.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_501.md)
- [15 C.F.R. § 904.502 (2026) § 904.502   Bonded release of seized property.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_502.md)
- [15 C.F.R. § 904.503 (2026) § 904.503   Appraisement.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_503.md)
- [15 C.F.R. § 904.504 (2026) § 904.504   Administrative forfeiture proceedings.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_504.md)
- [15 C.F.R. § 904.505 (2026) § 904.505   Summary sale.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_505.md)
- [15 C.F.R. § 904.506 (2026) § 904.506   Remission of forfeiture and restoration of proceeds of sale.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_506.md)
- [15 C.F.R. § 904.507 (2026) § 904.507   Recovery of certain storage costs.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_507.md)
- [15 C.F.R. § 904.508 (2026) § 904.508   Voluntary forfeiture by abandonment.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_508.md)
- [15 C.F.R. § 904.509 (2026) § 904.509   Disposal of forfeited property.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_509.md)
- [15 C.F.R. § 904.510 (2026) § 904.510   Return of seized property.](https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_510.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T15_P904_S904_503. Check the current official text before relying on it. Not legal advice.