Stock transfer in case of death of proprietor

[Asked by Guest]

Hello everyone ,

need prompt reply on below query

wat happen to central excise stock in case of death of proprietor , legal heir have now became the new proprietor with same company name , already changes in sales tax have been done , how it is transfer under wich section/rules , how to sales the stock

AI Summary

Inheritance of business assets transfers stock and liabilities to legal heirs, requiring registration and tax-record updates.
Stock passes to the legal heir who may inherit the firm's assets and liabilities if continuing the business; the heir must update PAN and registration details, amend authorised signatory records with tax authorities, consult the local excise/VAT office for transfer formalities, and manage invoices and tax records to lawfully sell the existing stock.