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of <h1>India Amends Excise Rules: Ethanol from 2015-16 Cane Molasses Exempted for Oil Companies Blending with Petrol</h1> The Government of India has issued Notification No. 32/2015-Central Excise, amending the earlier Notification No. 12/2012-Central Excise dated March 17, 2012. This amendment exempts ethanol produced from molasses generated from cane crushed during the sugar season 2015-16 from central excise duty. The exemption applies when this ethanol is supplied to specified public sector oil marketing companies for blending with petrol. The amendment adds a new entry, Sl.No. 40A, to the existing notification, effective from October 1, 2015, allowing for duty-free supply of ethanol to Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., and Bharat Petroleum Corporation Ltd.
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