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Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
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This notification amends the Fourth Schedule of the Central Excise Act, 1944, related to mineral products under Chapter 27. It substitutes the Supplementary Notes, defining standards and specifications for blended aviation turbine fuel. A new tariff item 2710 19 33 is inserted for "Blended Aviation turbine fuel" with a 14% excise duty rate. The notification clarifies that blended aviation turbine fuel means any aviation turbine fuel containing 70% or more petroleum oils or bituminous mineral oils, blended with synthesized hydrocarbons conforming to BIS standard IS 17081:2019. The notification comes into force on the date of its publication in the Official Gazette.
This notification amends the Fourth Schedule of the Central Excise Act, 1944, related to mineral products under Chapter 27. It substitutes the Supplementary Notes, defining standards and specifications for blended aviation turbine fuel. A new tariff item 2710 19 33 is inserted for "Blended Aviation turbine fuel" with a 14% excise duty rate. The notification clarifies that blended aviation turbine fuel means any aviation turbine fuel containing 70% or more petroleum oils or bituminous mineral oils, blended with synthesized hydrocarbons conforming to BIS standard IS 17081:2019. The notification comes into force on the date of its publication in the Official Gazette.
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