https://www.taxtmi.com/caselaws?id=164247 A statutory first charge under section 16C of the Andhra Pradesh General Sales Tax Act, 1957 was held valid and enforceable, because a State law creating priority for tax dues lies within legislative competence and is not invalid merely because it affects secured creditors. The court also held that the sales tax first charge prevails over prior mortgages, the claims of the State Financial Corporation, and proceedings under the DRT and SARFAESI regimes, since those enactments do not create a competing first charge in favour of banks or financial institutions. The constitutional challenge failed, and the Revenue's priority over secured assets was upheld. en-us Wed, 28 Apr 2010 00:00:00 +0530 Thu, 09 Oct 2014 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164247 A statutory first charge under section 16C of the Andhra Pradesh General Sales Tax Act, 1957 was held valid and enforceable, because a State law creating priority for tax dues lies within legislative competence and is not invalid merely because it affects secured creditors. The court also held that the sales tax first charge prevails over prior mortgages, the claims of the State Financial Corporation, and proceedings under the DRT and SARFAESI regimes, since those enactments do not create a competing first charge in favour of banks or financial institutions. The constitutional challenge failed, and the Revenue's priority over secured assets was upheld. Case-Laws VAT and Sales Tax Wed, 28 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164247