[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR403.43]

[Page 778-779]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 403_DISPOSITION OF SEIZED PERSONAL PROPERTY--Table of Contents
 
            Subpart D_Remission or Mitigation of Forfeitures
 
Sec. 403.43  Final action.

    (a) Petitions for remission or mitigation of forfeiture. (1) The 
Commissioner or his delegate shall either allow or deny any petition 
filed pursuant to these regulations. Such allowance or denial will 
constitute final action. If he allows the petition, the Commissioner or 
his delegate shall state the conditions, if any, of the allowance.
    (2) If he allows the petition, the Commissioner or his delegate may 
order the property returned to the petitioner, sold for the account of 
the petitioner, or, pursuant to agreement with the petitioner, acquired 
for official use.
    (3) The Commissioner or his delegate shall notify the petitioner of 
the allowance or denial of the petition and, in

[[Page 779]]

the case of allowance, the conditions, if any, under which the 
Commissioner or his delegate allowed the petition.
    (b) Offers in compromise of liability to forfeiture. The 
Commissioner or his delegate shall accept or reject any offer in 
compromise of the liability to forfeiture of personal property seized 
pursuant to Sec. 403.25 and such acceptance or rejection shall be a 
final action with respect to the offer.