Customs Duty Demand Quashed as Auction Purchasers Not Liable for Pre-Liquidation Dues

Fmn Enterprise Vs Commissioner of Customs (CESTAT Ahmedabad)

The appeals before the Tribunal arose from demands raised on auction purchasers of assets belonging to M/s. Varun Seacon Ltd., a 100% Export Oriented Unit (EOU) that had ceased operations in 1998 and was declared a sick industrial unit by the Board of Industrial and Financial Reconstruction in March 2000. Pursuant to winding-up proceedings, the Gujarat High Court appointed an Official Liquidator in March 2002 to take possession of the company’s assets. Subsequently, by order dated 07.03.2002 and further directions in Ap

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