https://www.taxtmi.com/caselaws?id=46902 Port dues under the Major Port Trusts Act were held to have priority over a Customs claim to cargo sale proceeds. The text states that, even if any customs penalty or fine was payable, the Calcutta Port Trust's statutory lien for rates under Section 59 ranked first, and Section 63 required sale proceeds to be applied initially toward port charges before any other claim. It further notes that the relevant sale under Section 63 is the sale conducted under Sections 61 or 62 by the Port Trust. On that basis, the Customs Authorities had no legal basis to appropriate the proceeds, which were payable to the Port Trust for statutory application. en-us Thu, 08 May 2003 00:00:00 +0530 Sat, 24 Jul 2010 15:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46902 Port dues under the Major Port Trusts Act were held to have priority over a Customs claim to cargo sale proceeds. The text states that, even if any customs penalty or fine was payable, the Calcutta Port Trust's statutory lien for rates under Section 59 ranked first, and Section 63 required sale proceeds to be applied initially toward port charges before any other claim. It further notes that the relevant sale under Section 63 is the sale conducted under Sections 61 or 62 by the Port Trust. On that basis, the Customs Authorities had no legal basis to appropriate the proceeds, which were payable to the Port Trust for statutory application. Case-Laws Customs Thu, 08 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46902