Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
The Central Excise exemption table is expanded to cover additional ethanol blended petrol grades. New entries for 22%, 25%, 27% and 30% ethanol blended petrol are inserted, each defined by the specified petrol-ethanol composition and conformity with Bureau of Indian Standards specification IS 19850. For these qualifying blends, the excise rate remains Nil.
The Central Excise exemption table is expanded to cover additional ethanol blended petrol grades. New entries for 22%, 25%, 27% and 30% ethanol blended petrol are inserted, each defined by the specified petrol-ethanol composition and conformity with Bureau of Indian Standards specification IS 19850. For these qualifying blends, the excise rate remains Nil.
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