Sale of Unclaimed, Abandoned and Seized and Forfeited Goods Regulations, No. 75 of 2003

1. Short Title These Regulations may be cited as the "Sale of Unclaimed, Abandoned and Seized and Forfeited Goods Regulations- Legal Notice No. 75/2003 ".

2. Definitions In these Regulations, unless the context otherwise requires: "abandoned goods" means goods on which the ownership has been turned over to the Government of Eritrea; "Chief officer of customs", means the manager of the customs office that serves the area where the goods are held; "forfeit" means forfeit to the Government of Eritrea; "Proclamation" means the Customs Proclamation No. 112/2000; and "unclaimed goods" means goods, which have been reported to Customs but not accounted for within the prescribed time.

3. Application These Regulations apply to the sale by public auction or public tender of unclaimed goods, goods that have been abandoned to Customs under the Proclamation or goods the forfeiture of which is final under the Proclamation.

4. Conditions of Sale All goods sold under these Regulations shall be sold in the condition they are and where they are located.

5. Unacceptable Bids Where no bid or tender is received on goods offered for sale by public auction or public tender or where the chief officer of customs does not consider any of the bids or tenders acceptable, the chief officer of Customs may cancel the auction and make the goods available for the next auction sale.

6. Sale by Public Tender (I) Goods offered for sale by public tender shall be advertised in such form and manner as may be directed by the Minister of Finance. 35 (2) All tenders shall be made in writing and shall be submitted to the chief officer of customs in sealed envelopes marked "Tender" that shall remain sealed until the designated closing date, at which time the envelopes shall be opened in the presence of at least two officers. (3) In the event that two or more tenders are in the same amount, the first tender received shall be given precedence. (4) The chief officer of customs shall notify in writing the person whose tender has been accepted.

7. Sale not Completed Where a person whose tender has been accepted does not complete the sale within ten days after the date on which the auction sale is made pursuant to sub- article (4) Of Article 6 hereof the chief officer of customs may cancel the sale to that person and accept any other tender.

8. Effective Date These Regulations shall come into force on the date of their publication in the Gazette of Eritrean Laws. Done at Asmara, this 5th day of May, 2003 Berhane Abrehe Minister of Finance 36