https://www.taxtmi.com/caselaws?id=252547 A statutory first charge under section 11(E) of the Central Excise Act is stated to prevail over an existing mortgage and a secured creditor's powers under section 29 of the State Financial Corporations Act. The text explains that excise dues enjoy priority over prior charges unless the statute expressly creates an exception, so attachment of the properties could not be displaced by the petitioner's security interest. It also notes that letters warning the petitioner not to sell the attached properties were treated as informational directions, not unlawful threats or arbitrary action, and therefore were not liable to be quashed. en-us Fri, 27 Jun 2014 00:00:00 +0530 Tue, 09 Jun 2015 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252547 A statutory first charge under section 11(E) of the Central Excise Act is stated to prevail over an existing mortgage and a secured creditor's powers under section 29 of the State Financial Corporations Act. The text explains that excise dues enjoy priority over prior charges unless the statute expressly creates an exception, so attachment of the properties could not be displaced by the petitioner's security interest. It also notes that letters warning the petitioner not to sell the attached properties were treated as informational directions, not unlawful threats or arbitrary action, and therefore were not liable to be quashed. Case-Laws Central Excise Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252547