2011 (5) TMI 417

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....eposit of duties and penalties, I proceed to decide the appeal itself. Inasmuch as the CENVAT Credit stand denied to the appellant on the ground that the invoices issued by the manufacturers on the basis of which they have taken the credit, were non-existent.   2. At this stage, I find that the issue involved is irregular availment of CENVAT Credit on the basis of fake and fictitious invoice....