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15 CFR § 904.503 - Appraisement.

---
identifier: "/us/cfr/t15/s904.503"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "15 CFR § 904.503 - Appraisement."
title_number: 15
title_name: "Commerce and Foreign Trade"
section_number: "904.503"
section_name: "Appraisement."
chapter_name: "NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT OF COMMERCE"
subchapter_number: "A"
subchapter_name: "GENERAL REGULATIONS"
part_number: "904"
part_name: "CIVIL PROCEDURES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "16 U.S.C. 1801  16 U.S.C. 1531  16 U.S.C. 1361  16 U.S.C. 3371  16 U.S.C. 1431  16 U.S.C. 6901  16 U.S.C. 773  16 U.S.C. 951  16 U.S.C. 5001  16 U.S.C. 3631  42 U.S.C. 9101  30 U.S.C. 1401  16 U.S.C. 971  16 U.S.C. 781  16 U.S.C. 2431  16 U.S.C. 972  16 U.S.C. 916  16 U.S.C. 1151  16 U.S.C. 3601  16 U.S.C. 1851 note; 15 U.S.C. 330  16 U.S.C. 2461  16 U.S.C. 5101  16 U.S.C. 1371  16 U.S.C. 3601  16 U.S.C. 1822 note, 16 U.S.C. 4001  16 U.S.C. 5501  16 U.S.C. 5601  16 U.S.C. 973  16 U.S.C. 1827a, 16 U.S.C. 7701  16 U.S.C. 7801  16 U.S.C. 1826g, 51 U.S.C. 60101  16 U.S.C. 7001  16 U.S.C. 7401  16 U.S.C. 2401  16 U.S.C. 1826k note, 1857 note, 22 U.S.C. 1980, Pub. L. 116-340, 134 Stat. 5128."
regulatory_source: "71 FR 12448, Mar. 10, 2006, unless otherwise noted."
cfr_part: "904"
---

# 904.503 Appraisement.

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]