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TypeBare Act JurisdictionCentral Government

Finance Act, 2011, (Central) Section 51

Insertion of New Section 142a

~1 min read
https://sooperkanoon.com/act/64200

Bare act section · Research

About this section

Finance Act, 2011, (Central) Section 51 is part of Finance Act, 2011, (Central) - Insertion of New Section 142a. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 142 of the Customs Act, the following section shall be inserted, namely:--

142A. Liability under Act to be first charge.--Notwithstanding anything to the contrary contained in any Central Act or State Act, any amount of duty, penalty, interest or any other sum payable by an assessee or any other person under this Act, shall, save as otherwise provided in section 529A of the Companies Act, 1956(1 of 1956), the Recovery of Debts Due to Banks and the Financial Institutions Act, 1993(51 of 1993) and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002(54 of 2002), be the first charge on the property of the assessee or the person, as the case may be. .

Frequently asked questions

What does Finance Act, 2011, (Central) Section 51 provide?

Section Section 51 of the Finance Act, 2011, (Central) (Insertion of New Section 142a) is reproduced on this page as part of the Finance Act, 2011, (Central). Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2011, (Central) Section 51?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2011, (Central) Section 51. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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