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Hon‘ble Supreme Court in Sunderbhai Ambalal Desai vs State Of Gujarat (2002) 10 SCC 283 are very much relevant which read thus:
1) Owner of the article would not suffer because of its remaining unused or by its misappropriation.
2) Court or the police would not be required to keep the article in safe custody;
3) If the proper Panchnama before handing over possession of article is prepared, that can be used in evidence instead of its production before the Court during the trial. If necessary, evidence could also be recorded describing the nature of the property in detail; and
4) This jurisdiction of the Court to record evidence should be exercised promptly so that there may not be further chance of tampering with the articles. In case, where such articles are not handed over either to the complainant or to the person from whom such articles are seized or to its claimant, then the Court may direct that such articles be kept in bank lockers. Similarly, if articles are required to kept in police custody, it would be open to the Station House Officer that after preparing proper Panchnama to keep such articles in a bank locker. In any case, such articles should be produced before the Magistrate within a week of their seizure. If required, the Court may direct that such articles be handed over back to the Investigating Officer for further investigation and identification; However, in no set of circumstances, the Investigating Officer should keep such articles in custody for a longer period for the purpose of investigation and identification.