CENVAT credit eligibility expanded to cover ethanol from molasses supplied for petrol blending to public oil marketing companies. The Central Government inserts a new clause in rule 6(6) of the CENVAT Credit Rules, 2004 to include ethanol produced from molasses generated from cane crushed in the sugar season 2015-16 when supplied to specified public sector oil marketing companies for blending with petrol under the referenced central excise notification; the amendment is titled the CENVAT Credit (Fourth Amendment) Rules, 2015 and comes into force upon publication in the Official Gazette.
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CENVAT credit eligibility expanded to cover ethanol from molasses supplied for petrol blending to public oil marketing companies.
The Central Government inserts a new clause in rule 6(6) of the CENVAT Credit Rules, 2004 to include ethanol produced from molasses generated from cane crushed in the sugar season 2015-16 when supplied to specified public sector oil marketing companies for blending with petrol under the referenced central excise notification; the amendment is titled the CENVAT Credit (Fourth Amendment) Rules, 2015 and comes into force upon publication in the Official Gazette.
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