22. Procedure in respect of seized goods of perishable nature. -

(1) Where the specified goods or machines are seized under section 24, and if the registered person pays an amount equivalent to the market price of the specified goods or machines, or the amount of cess, interest and penalty that is or may become payable by the taxable person, whichever is lower, such goods or, as the case may be, machines shall be released forthwith, by an order, on proof of payment.

(2) Where the registered person fails to pay the amount referred to in sub-rule (1) in respect of the said goods or machines, the proper officer may dispose of such goods or machines and the amount realised thereby shall be adjusted against the cess, interest, penalty, or any other amount payable in respect of such goods or things.