Liability to be discharged by transferee for non-fulfilment of obligation under advance license by transferor: Madras HC

Integra Garments & Textiles Ltd Vs Union of India (Madras High Court) Madras High Court held that non-fulfilling obligation under advance license by the transferor doesn’t get extinguish on account of merger/ amalgamation. Such liability has to be discharged by the transferee company. Facts- The petitioner has challenged the impugned show cause notice dated 28.08.2019 issued by the third respondent seeking to recover Customs duty on the imports made by the petitioner mainly contesting that the show cause notice issued in the name of M/s. Fabritex Exports Pvt Ltd which has ceased to exist...