https://www.taxtmi.com/caselaws?id=54664 The Tribunal held that the private limited company was not liable to pay duty for the period prior to its incorporation, as there was no provision in the Central Excise Act to demand duty from a successor entity at that time. The company, succeeding a partnership firm, was considered a separate legal entity, and the demand for duty was deemed untenable. Consequently, the penalty on the company and the individual was also set aside, and the appeals were allowed with consequential relief. en-us Tue, 02 Aug 2005 00:00:00 +0530 Thu, 21 Oct 2010 13:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54664 The Tribunal held that the private limited company was not liable to pay duty for the period prior to its incorporation, as there was no provision in the Central Excise Act to demand duty from a successor entity at that time. The company, succeeding a partnership firm, was considered a separate legal entity, and the demand for duty was deemed untenable. Consequently, the penalty on the company and the individual was also set aside, and the appeals were allowed with consequential relief. Case-Laws Central Excise Tue, 02 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54664