Excise duty on motor spirit prescribed per litre under the Second Schedule, establishing a specific fuel tax obligation. The Second Schedule to the Finance (No. 2) Act, 1998 prescribes a specific excise duty on motor spirit commonly known as petrol, listing motor spirit as a taxable good and fixing a duty rate expressed as a rupee amount per litre, thereby functioning as a schedule-based per litre tariff specification under the Act.
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Provisions expressly mentioned in the judgment/order text.
Excise duty on motor spirit prescribed per litre under the Second Schedule, establishing a specific fuel tax obligation.
The Second Schedule to the Finance (No. 2) Act, 1998 prescribes a specific excise duty on motor spirit commonly known as petrol, listing motor spirit as a taxable good and fixing a duty rate expressed as a rupee amount per litre, thereby functioning as a schedule-based per litre tariff specification under the Act.
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