https://www.taxtmi.com/caselaws?id=262376 The High Court ruled in favor of the petitioner, a company that purchased specific assets from another company, in a case involving the transfer of liability for Central Excise dues. The Court held that the petitioner did not inherit the liability of the erstwhile company as only certain assets were sold, and the petitioner did not assume the entire business or liabilities. It was emphasized that liability for Central Excise dues does not automatically transfer to a new entity unless the entire business is acquired. The Court quashed the notice demanding dues from the petitioner and directed the Central Excise department to pursue recovery from the original company. en-us Thu, 22 Jan 2015 00:00:00 +0530 Sat, 08 Aug 2015 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262376 The High Court ruled in favor of the petitioner, a company that purchased specific assets from another company, in a case involving the transfer of liability for Central Excise dues. The Court held that the petitioner did not inherit the liability of the erstwhile company as only certain assets were sold, and the petitioner did not assume the entire business or liabilities. It was emphasized that liability for Central Excise dues does not automatically transfer to a new entity unless the entire business is acquired. The Court quashed the notice demanding dues from the petitioner and directed the Central Excise department to pursue recovery from the original company. Case-Laws Central Excise Thu, 22 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262376