Correct Answer:
B. Auctioned and proceeds held till decision
This question concerns the interim management of seized goods, particularly how their value is preserved and handled while a legal case is pending. Direct storage can be impractical and costly.
- Correct Option B: Auctioned and proceeds held till decision is the common legal procedure for perishable or valuable seized goods. This prevents deterioration, reduces storage costs, and converts the goods into a liquid asset (money) that can be easily managed and returned or confiscated based on the court's final decision.
- Option A: Kept in godowns is often impractical for long periods, especially for perishable items, and incurs significant storage costs.
- Option C: Given to poor is not a legal procedure for seized goods; they are evidence or assets subject to legal disposition.
- Option D: Sent to federal govt is vague and doesn't specify the legal process for managing the asset's value during adjudication.