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Customs clearance delays are costing importers a lot of money. As a rule they only have three days to clear their goods through customs and quarantine upon arrival. If it takes longer than this, various fees are added to the cost.
Many real estate contracts also contain a forfeiture clause. This clause states that when a person buys a property, the contract is an obligation to make installment payments on the note. If the borrower should fail to uphold their end of the purchase contract, the seller may end the agreement and seize the property.
If you import or export prohibited goods without the relevant written permission or licence, your goods may be seized and you could face penalties of up to 2,500 penalty units or 10 years imprisonment, or both.

People also ask

Customs will destroy or sell anything it seizes from you for breaking the rules on bringing or receiving goods from abroad, unless you: ask for your things back - you can do this even if you agree customs was right to seize them. think customs was wrong to seize your things - youll have to go to court.
: the act of forfeiting : the loss of property or money because of a bdocHub of a legal obligation. assets subject to forfeiture. : something (such as money or property) that is forfeited : penalty.
Forfeit or forfeiture means losing a right, privilege, or property without compensation as a consequence of violating the law, bdocHubing a legal obligation, failing to perform a contractual obligation or condition, or neglecting a legal duty. Under federal law, there are civil, criminal, and administrative forfeitures.
Once the postal inspector receives the suspected mail, they will attempt to contact the sender or recipient and, if unsuccessful, scan it as seized by law enforcement. The scan is visible in the Postal Services tracking system to the sender and recipient as well as postal personnel.
Keep in mind that you are NOT required to wait on the letter from Customs before filing the verified claim for court action. If you have no claim to the item seized, then you can simply ignore the customs seizure letter and allow CBP to take the property.

customs seizure notice australia