Refund of cenvat credit
This query is : Resolved
06 March 2014
An assessee has CENVAT credit unutilized around 12 Lakhs since 2010-11. He has stopped the commercial activity of the business and there is no chance of carrying out the activity in future years also. Can he claim any refund of the CENVAT credit.
The assessee is in the business of crushing of iron ore.
The assessee is in the business of crushing of iron ore.
06 March 2014
It is not possible to get refund of it.
But you can make tax planning by other ways like merger etc.
But you can make tax planning by other ways like merger etc.
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