https://www.taxtmi.com/caselaws?id=3082 Registration under the Central Excise regime could not be refused to a bona fide purchaser of industrial assets merely because the transferor's registration remained uncancelled, since registration turns on the person carrying on the taxable activity and the provisions did not authorise denial on that basis. Customs and excise dues of the erstwhile owner did not, without an express statutory first charge, override secured creditors' claims or attach to a purchaser acquiring assets through a SARFAESI sale free from encumbrances. Mere purchase of assets also did not establish succession to the former business, so the purchaser was not liable for the predecessor's dues on that footing. en-us Wed, 20 Feb 2008 00:00:00 +0530 Fri, 13 Aug 2010 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3082 Registration under the Central Excise regime could not be refused to a bona fide purchaser of industrial assets merely because the transferor's registration remained uncancelled, since registration turns on the person carrying on the taxable activity and the provisions did not authorise denial on that basis. Customs and excise dues of the erstwhile owner did not, without an express statutory first charge, override secured creditors' claims or attach to a purchaser acquiring assets through a SARFAESI sale free from encumbrances. Mere purchase of assets also did not establish succession to the former business, so the purchaser was not liable for the predecessor's dues on that footing. Case-Laws Central Excise Wed, 20 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3082