https://www.taxtmi.com/article/detailed?id=1179 Insertion of Section 11E creates a first charge on property of an assessee or any other person for recovery of excise duty, interest or other sums under the Central Excise Act, 1944, subject to the priority and provisions of the Companies Act, the Recovery of Debts Due to Banks and Financial Institutions Act, and the Securitisation and Enforcement of Security Interest Act; the amendment clarifies the recovery mechanism and its interaction with existing statutory recovery regimes while addressing successor liability concerns. en-us Thu, 03 Mar 2011 21:56:56 +0530 Thu, 03 Mar 2011 21:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1179 Insertion of Section 11E creates a first charge on property of an assessee or any other person for recovery of excise duty, interest or other sums under the Central Excise Act, 1944, subject to the priority and provisions of the Companies Act, the Recovery of Debts Due to Banks and Financial Institutions Act, and the Securitisation and Enforcement of Security Interest Act; the amendment clarifies the recovery mechanism and its interaction with existing statutory recovery regimes while addressing successor liability concerns. Articles Central Excise Thu, 03 Mar 2011 21:56:56 +0530 https://www.taxtmi.com/article/detailed?id=1179