Application of seized assets: seized or requisitioned property applied to discharge tax liabilities and surplus repaid with interest. Seized or requisitioned assets may be applied to discharge specified existing tax liabilities and liabilities determined on completion of the block-period assessment; money found may be applied immediately and other assets may be deemed under distraint and sold to recover outstanding liabilities. Where acquisition is satisfactorily explained, the Assessing Officer may limit recovery to the asset and release any remaining portion with prior Commissioner approval, subject to release within one hundred and twenty days from the last authorisation for search or requisition. Any surplus after discharge must be returned forthwith and the Central Government pays simple interest on amounts exceeding liabilities from the day after the 120-day release period until completion of the assessment.