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of <h1>Amendment to Central Excise Act adds new tariff items for E12 and E15 fuel blends under Clause 98.</h1> Clause 98 of the Finance Bill, 2022 proposes an amendment to the Fourth Schedule of the Central Excise Act, 1944. This amendment introduces two new tariff items, 2710 12 43 and 2710 12 44, under sub-heading 2710 12 in Chapter 27. These items pertain to E12 and E15 fuel blends, aligning with the new BIS specification IS 17586 for Ethanol Blended Petrol containing up to twelve and fifteen percent ethanol. The amendment aligns the Central Excise Act with changes to the Customs Tariff Act, 1975, and will be effective upon the President's assent to the Finance Bill, 2022.
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