First charge on property for customs liabilities ensures duty, penalty and interest take precedence over other claims. Liability under the Customs Act is declared a first charge on the property of the assessee or any other person for any duty, penalty, interest or other sums payable under the Act, subject to specified statutory exceptions that preserve the operation of certain debt-recovery and security-enforcement regimes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
First charge on property for customs liabilities ensures duty, penalty and interest take precedence over other claims.
Liability under the Customs Act is declared a first charge on the property of the assessee or any other person for any duty, penalty, interest or other sums payable under the Act, subject to specified statutory exceptions that preserve the operation of certain debt-recovery and security-enforcement regimes.
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