https://www.taxtmi.com/caselaws?id=310356 State excise and revenue dues are stated to have no priority over a secured creditor's claim in respect of secured assets, particularly where the binding Supreme Court position recognises no first charge for excise dues before Section 11E of the Central Excise Act, 1944, and the SARFAESI Act, 2002 prevails through its overriding provision. On that basis, the revenue entries could not defeat rights acquired through the bank's auction sale. The revenue authorities were therefore required to attest the mutation, enter the auction purchasers as owners, and remove the red entries. en-us Wed, 05 Jul 2023 00:00:00 +0530 Fri, 20 Oct 2023 10:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310356 State excise and revenue dues are stated to have no priority over a secured creditor's claim in respect of secured assets, particularly where the binding Supreme Court position recognises no first charge for excise dues before Section 11E of the Central Excise Act, 1944, and the SARFAESI Act, 2002 prevails through its overriding provision. On that basis, the revenue entries could not defeat rights acquired through the bank's auction sale. The revenue authorities were therefore required to attest the mutation, enter the auction purchasers as owners, and remove the red entries. Case-Laws Central Excise Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310356