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of <h1>India Revises Excise Duties on Ethanol, Methanol, and Biodiesel Blends; Effective February 2, 2021, per Notification 01/2021.</h1> The Government of India, Ministry of Finance, has issued Notification No. 01/2021-Central Excise to amend Notification No. 11/2017-Central Excise, dated June 30, 2017. The amendments revise excise duties on various petroleum products, including ethanol and methanol blended petrol and biodiesel blends. Specific changes include updated excise duty rates per litre for certain products and the introduction of new serial numbers and entries for different blends of ethanol and methanol with petrol. The notification clarifies the meaning of 'appropriate duties' and taxes applicable under different tax acts and specifies that the amendments take effect on February 2, 2021, excluding goods manufactured before February 1, 2021.
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