https://www.taxtmi.com/caselaws?id=211650 Excise arrears and penalty owed by a company could be recovered only from the company, as the recovery machinery under the Customs Act and the 1995 Recovery Rules applies to the defaulter and not to directors or shareholders. In the absence of an express statutory provision fastening personal liability, and with no pleaded basis to lift the corporate veil, the former director and the gifted property could not be proceeded against for the company's dues. Private arrangements could not create enforceable tax liability against third parties. The recovery notices and attachment proceedings were therefore without jurisdiction and liable to be quashed. en-us Mon, 13 Feb 2012 00:00:00 +0530 Wed, 12 Apr 2017 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211650 Excise arrears and penalty owed by a company could be recovered only from the company, as the recovery machinery under the Customs Act and the 1995 Recovery Rules applies to the defaulter and not to directors or shareholders. In the absence of an express statutory provision fastening personal liability, and with no pleaded basis to lift the corporate veil, the former director and the gifted property could not be proceeded against for the company's dues. Private arrangements could not create enforceable tax liability against third parties. The recovery notices and attachment proceedings were therefore without jurisdiction and liable to be quashed. Case-Laws Central Excise Mon, 13 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211650