(1) Anything seized and forfeited, or not claimed within the time fixed by this Act, may be sold by auction by any person, whether an auctioneer or not, under the direction of the Accountant General, who shall previously notify such sale in the Gazette.
(2) The money arising from such sale shall be applied to pay—
(a) all charges incidental to such sale and for the custody and carriage;
(b) all charges incidental to the seizure, if any, and the proceedings thereon,
and the residue of such money, if any, shall be paid into the Treasury.