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of <h1>Ministry of Finance clarifies gases under Chapters 28 and 29 released via flares are exempt from excise duty.</h1> The circular from the Ministry of Finance, Department of Revenue, clarifies the excise duty status of gases under Chapters 28 and 29 that escape into the atmosphere via flare systems. Previously, gases under Chapters 27, 28, or 29 were exempt from excise duty if they escaped into the atmosphere. However, it has been determined that such gases should not be considered 'manufactured' products and thus are not subject to excise duty. This clarification extends to gases under Chapters 28 and 29, confirming they are not liable for duty when released into the atmosphere.
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