https://www.taxtmi.com/caselaws?id=257056 The Tribunal held that the Proviso to Section 11 of the Central Excise Act, allowing recovery from a new owner, does not have retrospective effect. Therefore, arrears of Central Excise duty and penalty from the previous owner cannot be recovered from the present owner who acquired the factory before the provision's enactment. The Tribunal dismissed the Revenue's appeal, upholding the decision in favor of the respondent, based on legal analysis and precedents. en-us Fri, 12 Dec 2014 00:00:00 +0530 Sat, 28 Feb 2015 08:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257056 The Tribunal held that the Proviso to Section 11 of the Central Excise Act, allowing recovery from a new owner, does not have retrospective effect. Therefore, arrears of Central Excise duty and penalty from the previous owner cannot be recovered from the present owner who acquired the factory before the provision's enactment. The Tribunal dismissed the Revenue's appeal, upholding the decision in favor of the respondent, based on legal analysis and precedents. Case-Laws Central Excise Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257056