Court Rules on Seized Gold Jewelry: Restricted Goods Can Be Released for Market Value Under Foreign Trade Act & Sec 125 Customs Act.

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....Release of gold jewelry seized - A harmonious reading of the statutory provisions of the Foreign Trade Act and Section 125 of the Customs Act will therefore not detract from the redemption of such restricted goods imported without authorization upon payment of the market value. There will exist a fundamental distinction between what is prohibited and what is restricted. - HC....