https://www.taxtmi.com/caselaws?id=267508 Excise dues of a defaulter unit could not be fastened on a later purchaser who acquired only the assets, because section 11 applies only where the business or trade is transferred as a going concern or ownership changes so that the transferee succeeds to that business. A prolonged and unexplained delay in initiating recovery also rendered the action unsustainable, as statutory powers must be exercised within a reasonable time. Section 11E did not assist the revenue because the property had already been sold before that provision came into force, so no first charge attached to the petitioner's title. Refusal of central excise registration was likewise unjustified where the petitioner was the bona fide owner-occupier. en-us Fri, 26 Sep 2014 00:00:00 +0530 Thu, 04 Feb 2016 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267508 Excise dues of a defaulter unit could not be fastened on a later purchaser who acquired only the assets, because section 11 applies only where the business or trade is transferred as a going concern or ownership changes so that the transferee succeeds to that business. A prolonged and unexplained delay in initiating recovery also rendered the action unsustainable, as statutory powers must be exercised within a reasonable time. Section 11E did not assist the revenue because the property had already been sold before that provision came into force, so no first charge attached to the petitioner's title. Refusal of central excise registration was likewise unjustified where the petitioner was the bona fide owner-occupier. Case-Laws Central Excise Fri, 26 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267508