2011 (5) TMI 461

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....ies and penalties, I proceed to decide the appeal itself. Inasmuch as the MODVAT Credit stand denied to the appellant, who is a registered dealer, on the ground that the invoices issued by the manufacturers on the basis of which they have taken the credit, were non-existent. For the said purpose, reliance was placed by the lower authorities on the alert circular issued by the Commissioner.   ....