Summary (administrative) forfeiture procedures apply to seized property not exceeding what value, apart from prohibited merchandise and certain conveyances and monetary instruments?
- $10,000
- $1,000,000
- $500,000
- $100,000
Show the answer
C. $500,000
Notice of seizure and intent to forfeit under 19 U.S.C. 1607 applies to property not exceeding $500,000 in value, and to prohibited merchandise, certain conveyances, and monetary instruments of any value.
Source: 19 CFR 162.45(a)
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