https://www.taxtmi.com/caselaws?id=125030 A successor factory management that obtained registration after giving a written undertaking to discharge past and future liabilities was held liable for duty and allied dues arising from clandestine removals committed before the takeover. The Tribunal relied on the undertaking and the successor-liability proviso to Section 11 of the Central Excise Act, 1944, concluding that the appellant could not avoid recovery on the ground that the removals occurred before the transfer or before notice. It also granted a limited penalty benefit under Section 11AC, directing that if duty, interest and penalty were paid within 30 days, the penalty would be reduced to 25% of the duty. en-us Mon, 12 Jan 2009 00:00:00 +0530 Thu, 18 Oct 2012 12:33:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125030 A successor factory management that obtained registration after giving a written undertaking to discharge past and future liabilities was held liable for duty and allied dues arising from clandestine removals committed before the takeover. The Tribunal relied on the undertaking and the successor-liability proviso to Section 11 of the Central Excise Act, 1944, concluding that the appellant could not avoid recovery on the ground that the removals occurred before the transfer or before notice. It also granted a limited penalty benefit under Section 11AC, directing that if duty, interest and penalty were paid within 30 days, the penalty would be reduced to 25% of the duty. Case-Laws Central Excise Mon, 12 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125030