https://www.taxtmi.com/caselaws?id=253142 A purchaser who acquired only land, building and machinery from a financial corporation auction on an "as is where is" basis was not liable for the erstwhile owner's excise dues, because such dues arise from manufacture by the predecessor and do not attach to the assets alone. Liability could be fastened only if the entire business was purchased as a running concern or if the statute created a specific first charge on the assets. As the liability itself was not recoverable from the purchaser, the show cause notices issued to enforce it were unsustainable and were quashed. en-us Thu, 24 Oct 2013 00:00:00 +0530 Sun, 16 Nov 2014 22:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253142 A purchaser who acquired only land, building and machinery from a financial corporation auction on an "as is where is" basis was not liable for the erstwhile owner's excise dues, because such dues arise from manufacture by the predecessor and do not attach to the assets alone. Liability could be fastened only if the entire business was purchased as a running concern or if the statute created a specific first charge on the assets. As the liability itself was not recoverable from the purchaser, the show cause notices issued to enforce it were unsustainable and were quashed. Case-Laws Central Excise Thu, 24 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253142