2003 (9) TMI 463

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..... Order]. - 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 All .....

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..... arried out under proprietorship 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 gr .....

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