https://www.taxtmi.com/caselaws?id=400528 An auction purchaser of property sold under the SARFAESI process was not liable for the erstwhile owner's central excise, customs or ESI arrears where no statutory first charge or prior attachment existed. Crown debt priority did not override the rights of a secured creditor, and exemptions linked to an EOU remained personal to the original licensee. The Court also held that liability for ESI dues does not pass to a third-party purchaser who acquires only land, building and assets, not the business as a continuing concern. The recovery notices were quashed as without jurisdiction. en-us Tue, 03 Nov 2020 00:00:00 +0530 Thu, 27 May 2021 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400528 An auction purchaser of property sold under the SARFAESI process was not liable for the erstwhile owner's central excise, customs or ESI arrears where no statutory first charge or prior attachment existed. Crown debt priority did not override the rights of a secured creditor, and exemptions linked to an EOU remained personal to the original licensee. The Court also held that liability for ESI dues does not pass to a third-party purchaser who acquires only land, building and assets, not the business as a continuing concern. The recovery notices were quashed as without jurisdiction. Case-Laws Central Excise Tue, 03 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400528