https://www.taxtmi.com/caselaws?id=353425 The Tribunal allowed both appeals, setting aside the duty liability imposed on the successor entity and the penalty on the predecessor. The decision was based on a comprehensive analysis of legal provisions, case laws, and factual circumstances surrounding the transfer of business and excise duty liabilities. The Tribunal emphasized that duty liability must be recoverable or due at the time of transfer, and the liability of the successor entity is contingent on the nature of the transfer and specific assets acquired. The Tribunal also considered the limitation period for issuing show cause notices and principles of natural justice in the adjudication process. en-us Tue, 19 Dec 2017 00:00:00 +0530 Tue, 19 Mar 2019 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353425 The Tribunal allowed both appeals, setting aside the duty liability imposed on the successor entity and the penalty on the predecessor. The decision was based on a comprehensive analysis of legal provisions, case laws, and factual circumstances surrounding the transfer of business and excise duty liabilities. The Tribunal emphasized that duty liability must be recoverable or due at the time of transfer, and the liability of the successor entity is contingent on the nature of the transfer and specific assets acquired. The Tribunal also considered the limitation period for issuing show cause notices and principles of natural justice in the adjudication process. Case-Laws Central Excise Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353425