232. Manner of payment of the balance amount of sale proceeds to the owner of goods after sale in auction

(1) Where any owner of the goods sold in open auction under sub-rule (4) of rule 229 or the dealer or person from whom such goods have been seized under section 70 claims the balance of the proceeds of sale made in such auction, he shall, within the time referred to in sub-section (7) of section 71, make an application to the Deputy Commissioner, Assistant Commissioner or Commercial Tax Officer, as the case may be, referred to in sub-rule (2) of rule 231 for the payment of such balance of the proceeds of sale.

(2) If the Deputy Commissioner, Assistant Commissioner or Commercial Tax Officer, as the case may be, is satisfied that the claimant of the payment of balance of such proceeds is the owner of goods so sold, he shall issue a Refund Payment Order (cash) towards payment of the amount of proceeds of sale to such owner of the goods:

Provided that where address of the owner of goods seized under section 70 is not available on the records of seizure, Refund Payment Order (cash) may be issued, upon an application made in this behalf by the dealer or person from whom such goods have been seized.