https://www.taxtmi.com/caselaws?id=47754 A prior mortgage and other crystallised security interests prevail over later excise or customs dues; crown debt has priority only against ordinary or unsecured creditors and does not displace a secured creditor. Rule 230(2) of the Central Excise Rules, 1944 was inapplicable because the facts did not involve the transfer or ownership change contemplated by that rule. The Court also recognised the superior position of the Corporation's prior secured interest under the recovery framework considered, and the departmental seizure could not be sustained. en-us Tue, 18 Jul 2006 00:00:00 +0530 Fri, 30 Jul 2010 16:40:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47754 A prior mortgage and other crystallised security interests prevail over later excise or customs dues; crown debt has priority only against ordinary or unsecured creditors and does not displace a secured creditor. Rule 230(2) of the Central Excise Rules, 1944 was inapplicable because the facts did not involve the transfer or ownership change contemplated by that rule. The Court also recognised the superior position of the Corporation's prior secured interest under the recovery framework considered, and the departmental seizure could not be sustained. Case-Laws Central Excise Tue, 18 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47754