https://www.taxtmi.com/caselaws?id=32301 Central excise dues recoverable as arrears of land revenue do not automatically rank ahead of a State Financial Corporation's secured debt. The doctrine of Crown debt applies only against unsecured creditors and yields to a prior mortgage, statutory first charge, or other overriding statutory priority. Section 11 of the Central Excise Act, 1944 is only a recovery mechanism and does not create a charge over mortgaged property. By contrast, the State Financial Corporations Act, 1951 preserves the Corporation's statutory rights under Section 29 through Section 46B, so those rights prevail over inconsistent recovery claims. The Corporation's secured interest therefore takes priority over the Government's excise demand. en-us Fri, 05 Dec 2008 00:00:00 +0530 Fri, 05 Sep 2025 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32301 Central excise dues recoverable as arrears of land revenue do not automatically rank ahead of a State Financial Corporation's secured debt. The doctrine of Crown debt applies only against unsecured creditors and yields to a prior mortgage, statutory first charge, or other overriding statutory priority. Section 11 of the Central Excise Act, 1944 is only a recovery mechanism and does not create a charge over mortgaged property. By contrast, the State Financial Corporations Act, 1951 preserves the Corporation's statutory rights under Section 29 through Section 46B, so those rights prevail over inconsistent recovery claims. The Corporation's secured interest therefore takes priority over the Government's excise demand. Case-Laws Central Excise Fri, 05 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32301