ITC refund on exports without payment of tax

Dhruv Prajapati (2 Points)

19 June 2021  
Can ITC refund be claimed incase of Export of goods under LUT bond but also the entity is registered with export Apparel Export Promotion Council( AEPC) wherein the exporter is eligible for duty drawback?
Incase ITC refund is not eligible then what about the accumulation of ITC balance in the credit ledger how to utilise the same since the major business is of exporting the goods.