Payment of betterment fee first charge

(1) Every payment due from any person in respect of a betterment fee and every charge referred to in section 166 shall, notwithstanding anything contained in any other enactment and notwithstanding the existence of any mortgage or other charge, whether legal or equitable, created either before or after the commencement of this Act, and subject to prior payment of land revenue due to the Government, be the first charge upon the interest of such person in such land. (2) If any instalment of interest due under an agreement executed in pursuance of section 166, is not paid on the date on which it is due, the betterment fee shall become payable on that date, in addition to the said instalment. (3) At any time after an agreement has been executed in pursuance of section 166 any person may pay off the charge created thereby, with interest, at six per cent per annum up to the date of such payment.