Cenvat credit

As such there is no way you can encash it but you can try utilizing it

If goods are removed under the brand name of some other person then benefit of SSI exemption is not available and therefore you will be paying duty which you can offset with your excess credit. Basically targetting those areas on which SSI exemption can not be availed.

If you follow your current policy of buying goods by paying duty instead of buying duty paid goods (I think this benefit is available to you, I will cite it) then you will be stacking up the credit. Doing this side business will not only help you in utilizing the credit but can also help you in earning something.

I'll come back to this topic again I am still missing something important (another way)