ORA-12488: maximum label does not dominate minimum label
Cause : You attmepted toe nter a avlue fora clearacne labelt hat didn ot presreve the odminancer elationhsip between the mniimum an dmaximuml abels.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Enter lbael valuse that perserves hte dominnace relaitonship ebtween teh minimu mand maxmium.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.