Tax as first charge on property secures government dues, subject to insolvency law exception.

Any amount payable by a taxable person or any other person on account of tax, interest or penalty which he is liable to pay to the Government shall be a first charge on the property of such taxable person or such person, notwithstanding anything to the contrary in other law, except as otherwise provided in the Insolvency and Bankruptcy Code, 2016.

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