Priority of customs liabilities: duties, penalties and interest constitute a first charge on an assessee's property, subject to recovery laws. Customs liabilities under the Act-including duty, penalty, interest or any other sum payable-are made a first charge on the property of the assessee or ... Summary
Priority of customs liabilities: duties, penalties and interest constitute a first charge on an assessee's property, subject to recovery laws.
Customs liabilities under the Act-including duty, penalty, interest or any other sum payable-are made a first charge on the property of the assessee or other person, taking priority over contrary Central or State enactments, subject to exceptions provided by specified recovery statutes.
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