Chapter II AIndicating amount of duty in the price of goods, etc., for purpose of refund and crediting certain amounts to the fund (From Section 12A to Section 12D )
First charge on property: excise liabilities take precedence over other claims, subject to limited statutory exceptions. Liability for duty, penalty, interest, or other sums under the Central Excise Act is a first charge on the assessee's property, prevailing over other ... Summary
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First charge on property: excise liabilities take precedence over other claims, subject to limited statutory exceptions.
Liability for duty, penalty, interest, or other sums under the Central Excise Act is a first charge on the assessee's property, prevailing over other Central or State enactments except for specific statutory exceptions that create competing priorities.
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