Denial of ITC Claims u/s 18 Disadvantages Exempted Manufacturer-Dealers, Affecting Market Competitiveness and Fairness.

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....Disallowance of the claim of Input Tax Credit (ITC) - pre-requisite for denying ITC under Section 18 - This would place an exempted manufacturer-dealer at a disadvantageous position and make his products uncompetitive inspite of the exemption notifications under Section 8(3) of the RVAT - SC....