Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Notification amends the Central Excise exemption table by inserting new entries for 22%, 25%, 27% and 30% ethanol blended petrol, each classified under tariff heading 2710 12 and attracting Nil duty when the blend consists of the specified proportions of duty-paid motor spirit and ethanol and conforms to BIS specification IS 19850. It also expands Explanation 2 so that the newly inserted entries are covered for the purposes of the principal notification. The operative effect is to extend the excise exemption framework to the listed ethanol-blended petrol variants.
Notification amends the Central Excise exemption table by inserting new entries for 22%, 25%, 27% and 30% ethanol blended petrol, each classified under tariff heading 2710 12 and attracting Nil duty when the blend consists of the specified proportions of duty-paid motor spirit and ethanol and conforms to BIS specification IS 19850. It also expands Explanation 2 so that the newly inserted entries are covered for the purposes of the principal notification. The operative effect is to extend the excise exemption framework to the listed ethanol-blended petrol variants.
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