In case of CENVAT. A person is having a tax credit of 6000. If he closes his business is it possible to get refund??
2. If he discontinues the business without giving intimation to the department and after 6 month or 1 year he wants to do the same business. is it possible to take the credit again???
19 July 2011
You can apply refund of cenvat balance available in Form-R, before surrendering registration. When you start the business again, the procedure is as if you have started new factory.
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