|37. Liability under this Act to be the first charge M. VAT ACT|
37. Liability under this Act to be the first charge
Notwithstanding anything contained in any contract to the contrary, but subject to any provision regarding creation of first charge in any Central Act for the time being in force, any amount of tax, penalty, interest, sum forfeited, fine or any other sum, payable by a dealer or any other person under this Act, shall he the first charge on the property of the dealer or, as the case may be, person.