https://www.taxtmi.com/caselaws?id=174563 In a liquidation sale, liabilities that accrued to the company before sale, including lease rent, central excise duty and labour dues, do not pass to auction purchasers and must be dealt with in the liquidation proceedings. By contrast, customs duty triggered by removal of machinery or goods from a Special Economic Zone for home consumption remains recoverable from the purchaser, because the levy attaches to the purchaser's act of removal. The proceedings were confined to liability; the correctness of the quantified demand was left open for appropriate proceedings under law. en-us Thu, 28 Jul 2005 00:00:00 +0530 Sat, 10 Oct 2015 12:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174563 In a liquidation sale, liabilities that accrued to the company before sale, including lease rent, central excise duty and labour dues, do not pass to auction purchasers and must be dealt with in the liquidation proceedings. By contrast, customs duty triggered by removal of machinery or goods from a Special Economic Zone for home consumption remains recoverable from the purchaser, because the levy attaches to the purchaser's act of removal. The proceedings were confined to liability; the correctness of the quantified demand was left open for appropriate proceedings under law. Case-Laws Customs Thu, 28 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174563