TMI BlogAuction Buyer Not Liable for Previous Owner's Excise Dues on Acquired Assets.Recovery of Excise dues from erstwhile owner - the movable and immovable assets purchased by auction purchaser/petitioner - recovery cannot be made from purchaser of the movable and immovable assets of the respondent in auction. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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