Hi Ashutosh,
I understand that you are indeed very frustrated. Since the seller shows that he is "No longer a registered User", you need to get your money back!!! eBay has a Standard Buyer Protection Program. You can get all the details as to what to do next at:
http://pages.ebay.in/help/confidence/problems-fraud.html
I hope this helps and you get your money back.
Parth