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

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.