Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
Benami transaction and beneficial ownership: documentary and circumstantial evidence show payors were true beneficiaries, resulting in PBPTA consequen...
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 
