https://www.taxtmi.com/caselaws?id=369671 Section 11 of the Central Excise Act, 1944 permits recovery of excise dues from excisable goods, materials, plant and machinery in the hands of a successor where business is transferred or ownership changes and the transferee succeeds to the business. Applying the Supreme Court's ruling on sale by a State Financial Corporation, the Tribunal treated the proviso to Section 11 as materially similar to Rule 230(2) of the Central Excise Rules, 1944 and rejected the distinction drawn by the first appellate authority. The purchaser of the industrial assets remained liable for the predecessor's excise dues, and the attachment set aside below could not stand. en-us Tue, 30 Oct 2018 00:00:00 +0530 Fri, 21 Feb 2020 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369671 Section 11 of the Central Excise Act, 1944 permits recovery of excise dues from excisable goods, materials, plant and machinery in the hands of a successor where business is transferred or ownership changes and the transferee succeeds to the business. Applying the Supreme Court's ruling on sale by a State Financial Corporation, the Tribunal treated the proviso to Section 11 as materially similar to Rule 230(2) of the Central Excise Rules, 1944 and rejected the distinction drawn by the first appellate authority. The purchaser of the industrial assets remained liable for the predecessor's excise dues, and the attachment set aside below could not stand. Case-Laws Central Excise Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369671