CENVAT Credit - non-existent firms - credit was availed on the invoices issued by all fradulent firms...

CENVAT Credit - non-existent firms - credit was availed on the invoices issued by all fradulent firms who were found to be non-existent and such fraud vitiates the transaction. The invoice cannot be held valid for availing credit. The revenue should not suffer on account of such mass fraud. .....

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