https://www.taxtmi.com/caselaws?id=235911 The Tribunal held that the transferee company, Sachin Dyeing & Printing Mills Pvt. Ltd., was not considered a successor in business or trade of the defaulting company, Vaishnavi. As a result, the transferee company could not be held liable for the central excise duty of the defaulting company. The Tribunal set aside the lower authorities' decision, ruling in favor of the appellant and determining that the recovery of central excise duty from the transferee company was not justified. en-us Mon, 01 Jul 2013 00:00:00 +0530 Tue, 31 Dec 2013 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235911 The Tribunal held that the transferee company, Sachin Dyeing & Printing Mills Pvt. Ltd., was not considered a successor in business or trade of the defaulting company, Vaishnavi. As a result, the transferee company could not be held liable for the central excise duty of the defaulting company. The Tribunal set aside the lower authorities' decision, ruling in favor of the appellant and determining that the recovery of central excise duty from the transferee company was not justified. Case-Laws Central Excise Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235911