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of <h1>India exempts certain petroleum products from excise duty under Chapter 27, effective February 5, 1988, per Central Excise Rules, 1944.</h1> The Government of India, through the Ministry of Finance, issued a circular exempting certain petroleum products under Chapter 27 from the entire duty of excise due to exceptional circumstances. This exemption applies to products produced by two major corporations and used as fuel or in the manufacture of finished petroleum products. The directive, effective from February 5, 1988, supersedes a previous order from 1978, and is enacted under the Central Excise Rules, 1944. The exemption specifically benefits the exchange and utilization of petroleum products between these entities for manufacturing purposes.
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