(1) The officer mentioned under sub-section (4) or sub-section (9) of section 75 of the Act shall issue a notice not later than 5 days from the date of seizure of the goods and/or of confiscating the vehicle or carrier.

(2) The officer mentioned in sub-section (4) or (9) of section 75 may estimate the value of the goods on the basis of the market value of the goods, on the day of confiscation and also the value of the vehicle or carrier on the basis of a valuation certificate issued by an engineer of any Department of the Government, not below the rank of an Assistant Engineer qualified to assess the value of vehicle or carrier. For this purpose, the said officer may make a request in writing to such Engineer who shall issue the valuation certificate not later than five days from the date of receipt of such request.