Cenvat Credit Denial Ruled Unjust; Manufacturers Not Liable for First Stage Dealer's Fraudulent Activities.

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....Cenvat Credit - input received from First Stage dealer - It is sufficient if the assessee buys the goods from first stage dealer whose status he has checked and verified - Denial of credit to the respondent manufacturing unit on the ground that first stage dealer has fraudulently received the goods is neither proper nor justified - AT....