11CProceeds of Collector’s sales

11C Proceeds of Collector’s sales

Where: (a) section 276 of the Customs Act applies in relation to a sale of imported goods by a Collector; and (b) by reason of the sale, tax becomes payable under this Act in relation to the goods; then, notwithstanding section 277 of the Customs Act, the proceeds of the sale shall be applied in payment of the sales tax after the payment of the expenses of the sale and of any customs duty payable in respect of the goods, but before payment in respect of any other matter.