Sale of goods levied on and disposal of proceeds

—(1) When any goods or chattels are levied on, they shall, after due notice given in the Gazette, be sold by the authorized collector at public auction in such a manner as is usual in the sales under executions issuing out of the district court. (2) The Director General shall keep custody of goods or chattels levied upon until sold in accordance with sub-section (1). (3) Proceeds of sale of any goods or chattels levied upon shall be paid by the authorised collector to the Director General. (4) An authorised collector shall deduct from the proceeds of the sale all reasonable and necessary charges and expenses which may be allowed by the Director General. (5) The proceeds of sale shall be applied by the Director General towards satisfaction of the unpaid tax, penalties, and costs. (6) If there is any surplus from the proceeds of sale after satisfaction of unpaid taxes, penalties and costs, the surplus shall be restored on demand to the owner of the goods levied upon.. 66 CAP. 51 Tax Administration and Procedure (7) Tools of trade, bedding and wearing apparel amounting in all to a value not exceeding five hundred dollars shall be exempted from execution. (8) After a levy, the owner of the goods seized may redeem them at any time before the time appointed for the sale by paying, to the Director General, the full amount of the tax and penalties, together with all costs and expenses incurred by the date of such payment.