Additional basic excise duty on unblended petrol requires refinery bonds, monthly differential payments and quarterly reconciliations. Manufacturers/refineries clearing motor spirit as intended for retail sale after blending shall pay central excise at the blended rate at refinery stage, furnish a running bond for the differential duty to the jurisdictional Commissioner, and undertake to pay differential duty with interest. Differential duty on quantities sold unblended from depots must be paid by the sixth of the following month based on actual depot clearances, with a statutory auditor-certified quarterly reconciliation submitted by the tenth of the month for the preceding quarter; short payments are payable with interest and electronic depot records must be maintained for inspection.
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Provisions expressly mentioned in the judgment/order text.
Additional basic excise duty on unblended petrol requires refinery bonds, monthly differential payments and quarterly reconciliations.
Manufacturers/refineries clearing motor spirit as intended for retail sale after blending shall pay central excise at the blended rate at refinery stage, furnish a running bond for the differential duty to the jurisdictional Commissioner, and undertake to pay differential duty with interest. Differential duty on quantities sold unblended from depots must be paid by the sixth of the following month based on actual depot clearances, with a statutory auditor-certified quarterly reconciliation submitted by the tenth of the month for the preceding quarter; short payments are payable with interest and electronic depot records must be maintained for inspection.
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