Latest Central Excise Act News & Updates

Government Exempts Higher Ethanol Blend Petrol from Excise Duty

By

New Delhi, June 11 (IANS) The government has exempted petrol blended with higher levels of ethanol from excise duty, including fuel variants containing 22 per cent, 25 per cent, 27 per cent and 30 per cent ethanol, according to a notification issued by the Ministry of Finance on Thursday.As per the notification, excise duty has been set at nil for ethanol-blended motor spirit conforming to Bureau of Indian Standards specifications, covering blends where ethanol content ranges from 22 per cent to…