Excise duty on motor gasoline and ethanol blends revised to combined ad valorem and specific levy. The Fourth Schedule is amended to substitute tariff items in Chapter 27, sub heading 2710 12, to classify Motor Gasoline and specified ethanol blend fuels ... Summary
Excise duty on motor gasoline and ethanol blends revised to combined ad valorem and specific levy.
The Fourth Schedule is amended to substitute tariff items in Chapter 27, sub heading 2710 12, to classify Motor Gasoline and specified ethanol blend fuels (E20, E12, E15, M15) by referenced Indian Standards and to impose a combined ad valorem duty and specific per litre levy on each listed tariff item, replacing the prior entries for tariff items 2710 12 39-2710 12 49.
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