Balance in Service CENVAT credit and Business closure

[Ametek Instruments India Private Limited]

We are having balance in CENVAT service tax account. We are closing the business of the company and liquidate in a year or two.

Can we get refund of the CENVAT credit, if we close the company? If yes what is the procedure to be followed?

Thanks

Ajith

[DR.MARIAPPAN GOVINDARAJAN]

The views for this question are given for ID No. 109363.

AI Summary

CENVAT credit refund entitlement when a business closes and the procedural steps required for recovery. A taxable entity holds a balance in the CENVAT credit account and is planning to close and liquidate the business; it requests whether that CENVAT credit is refundable and what procedural steps must be followed to realize or deal with the credit upon closure.