https://www.taxtmi.com/acts?id=12225 Any amount of duty, penalty, interest or other sum payable under the Customs Act is a first charge on the property of the assessee or other liable person, notwithstanding anything inconsistent in any Central Act or State Act. This priority is subject to the express exceptions preserved for section 529A of the Companies Act, the Recovery of Debts Due to Banks and Financial Institutions Act, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, and the Insolvency and Bankruptcy Code, 2016. en-us Tue, 12 Apr 2011 13:17:35 +0530 Fri, 19 Jun 2026 16:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12225 Any amount of duty, penalty, interest or other sum payable under the Customs Act is a first charge on the property of the assessee or other liable person, notwithstanding anything inconsistent in any Central Act or State Act. This priority is subject to the express exceptions preserved for section 529A of the Companies Act, the Recovery of Debts Due to Banks and Financial Institutions Act, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, and the Insolvency and Bankruptcy Code, 2016. Act-Rules Customs Tue, 12 Apr 2011 13:17:35 +0530 https://www.taxtmi.com/acts?id=12225