This section applies to personal property which is held by a person and which—
has been seized by an appropriate officer under a relevant seizure power, or
has been produced to an appropriate officer in compliance with a production order under section 345.
This section applies if the following conditions are satisfied—
a confiscation order is made against the person by whom the property is held;
a receiver has not been appointed under section 198 in relation to the property;
any period allowed under section 161 for payment of the amount ordered to be paid under the confiscation order has ended.
In such a case a magistrates' court may by order authorise an appropriate officer to realise the property.
In this section "appropriate officer" and "relevant seizure power" have the same meaning as in section 190A.