Assessee can claim modvat credit based on genuine invoices but not for those lacking required declarations.

The High Court of Punjab & Haryana held that the assessee could claim deemed modvat credit based on genuine invoices but not for invoices lacking required declarations.

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The High Court of Punjab & Haryana adjudicated on a question regarding the grant of exemption benefit under certain conditions. The court ruled that the assessee could claim deemed modvat credit based on genuine invoices but not for invoices lacking required declarations.

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