https://www.taxtmi.com/caselaws?id=3093 Excise recovery against an auction purchaser was found unsustainable where the authorities sought to recover the erstwhile unit's dues and penalty nearly ten years after transfer. The governing principle applied was that a statutory recovery power, even without an express limitation period, must still be exercised within a reasonable time. Because the unit had been purchased through auction in 1995 and recovery was first initiated only in 2004, the inordinate unexplained delay barred enforcement against the transferees. The action was therefore treated as time-barred and invalid against the petitioners. en-us Tue, 14 Feb 2006 00:00:00 +0530 Wed, 16 Apr 2008 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3093 Excise recovery against an auction purchaser was found unsustainable where the authorities sought to recover the erstwhile unit's dues and penalty nearly ten years after transfer. The governing principle applied was that a statutory recovery power, even without an express limitation period, must still be exercised within a reasonable time. Because the unit had been purchased through auction in 1995 and recovery was first initiated only in 2004, the inordinate unexplained delay barred enforcement against the transferees. The action was therefore treated as time-barred and invalid against the petitioners. Case-Laws Central Excise Tue, 14 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3093