First charge on property for excise liabilities establishes tax claim priority over other debts, subject to statutory recovery exceptions. Any amount payable under the Central Excise regime, including duty, penalty, interest or other sums, shall be a first charge on the property of the assessee or other person, notwithstanding contrary provisions in other Central or State Acts, subject to specified statutory exceptions for certain recovery mechanisms.
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Provisions expressly mentioned in the judgment/order text.
First charge on property for excise liabilities establishes tax claim priority over other debts, subject to statutory recovery exceptions.
Any amount payable under the Central Excise regime, including duty, penalty, interest or other sums, shall be a first charge on the property of the assessee or other person, notwithstanding contrary provisions in other Central or State Acts, subject to specified statutory exceptions for certain recovery mechanisms.
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