2003 (9) TMI 463

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..... - Heard both the sides. 2. In this case, the benefit of the Modvat credit was denied to the appellants on the ground that M/s. Shiva International who issued the invoices as dealer is not registered with the Revenue Authority. 3. The contention of the appellants is that M/s. Shiva International was proprietary concern and was taken over in August, 1994 by M/s. Shiva Metal Alloys International .....

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..... rship name of M/s. Shiva International and all the assets and liability of that firm. In this situation as M/s. Shiva International proprietorship concern was taken over by M/s. Shiva Metal Alloys International. M/s. Shiva Metal Alloys International is registered with the Revenue Authority as dealer. Therefore, the credit cannot be denied to the appellants on the ground that the dealer is not reg .....

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