https://www.taxtmi.com/caselaws?id=75132 The High Court ruled in favor of the petitioner, an auction purchaser under the SARFAESI Act, in a dispute over outstanding excise duty. Citing legal precedents, the Court held that the petitioner, as a bona fide purchaser, should not be liable for the previous owner's dues. Emphasizing that government dues must have a "first charge" provision over the property, the Court quashed the demand for excise duty payment, stating that the Excise Department cannot enforce dues against the petitioner's purchased assets. The judgment protected the petitioner from the liabilities of the previous owner and clarified the priority of government dues and secured creditors. en-us Thu, 11 Sep 2008 00:00:00 +0530 Fri, 26 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75132 The High Court ruled in favor of the petitioner, an auction purchaser under the SARFAESI Act, in a dispute over outstanding excise duty. Citing legal precedents, the Court held that the petitioner, as a bona fide purchaser, should not be liable for the previous owner's dues. Emphasizing that government dues must have a "first charge" provision over the property, the Court quashed the demand for excise duty payment, stating that the Excise Department cannot enforce dues against the petitioner's purchased assets. The judgment protected the petitioner from the liabilities of the previous owner and clarified the priority of government dues and secured creditors. Case-Laws Central Excise Thu, 11 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75132