Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Excisable goods consisting of ethanol blended petrol conforming to BIS specification IS 19850 are exempted from the additional duty of excise (Road and Infrastructure Cess) to the extent the duty exceeds Nil, for blends of 22%, 25%, 27% and 30% ethanol. The notification applies to the specified tariff item 2710 12 and defines "appropriate duties of excise" and "appropriate Central tax, State tax, Union territory tax and Integrated tax" by reference to the relevant excise and GST statutes. It operates as a targeted excise exemption on the notified blended petrol varieties.
Excisable goods consisting of ethanol blended petrol conforming to BIS specification IS 19850 are exempted from the additional duty of excise (Road and Infrastructure Cess) to the extent the duty exceeds Nil, for blends of 22%, 25%, 27% and 30% ethanol. The notification applies to the specified tariff item 2710 12 and defines "appropriate duties of excise" and "appropriate Central tax, State tax, Union territory tax and Integrated tax" by reference to the relevant excise and GST statutes. It operates as a targeted excise exemption on the notified blended petrol varieties.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
