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<h1>India Updates Excise Duty Definitions; New Rates for Ethanol & Methanol-Blended Petrol Effective Feb 2, 2021.</h1> The Government of India has issued Notification No. 04/2021-Central Excise, amending Notification No. 28/2002-Central Excise. The amendment updates the definition of 'appropriate duties of excise' to include duties under the Central Excise Act, 1944, Finance Acts of 2002 and 2018, and the Agriculture Infrastructure and Development Cess from the Finance Bill, 2021. It introduces new entries for 20% ethanol-blended petrol and 15% methanol-blended petrol, specifying the excise and tax duties applicable. These changes aim to align with the Bureau of Indian Standards and will be effective from February 2, 2021.