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    Weighted deduction for research expenditure and flawed transfer pricing benchmarking were both rejected in the Revenue's challenge.
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      Central Excise

      Notification amends the Central Excise exemption table by...

      Excise exemption expands to specified ethanol-blended petrol variants meeting BIS standards and prescribed blend ratios.

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      Central ExciseJune 12, 2026Notifications
      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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      ActsIncome Tax