Section 507.  Power to sell perishable property.

If the person entitled to the possession of such property is unknown or absent
and the property is subject to speedy and natural decay, or if the Magistrate to whom its
seizure is reported is of opinion that its sale would be for the benefit of the owner, or that the
value of such property is less than ten thousand rupees, the Magistrate may at any time
direct it to be sold; and the provisions of sections 505 and 506 shall, as nearly as may be
practicable, apply to the net proceeds of such sale.