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    <title>Rs 172 crore fake input tax credit racket busted; chemical company owner held</title>
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    <description>Investigators allege the director orchestrated systematic availment and passing of ineligible input tax credit using non-existent and cancelled supplier registrations, with searches and recovered documents evidencing no actual receipt or supply of goods and purported fraudulent ITC claims of Rs 172 crore and fabricated credits of Rs 952 crore.</description>
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