Exemption of Road and Infrastructure Cess for M-15 methanol blended petrol where excise and GST taxes are paid. Exempts 15% methanol blended petrol (M-15) from the Road and Infrastructure Cess under section 112 of the Finance Act, 2018 where constituent motor spirit and methanol/co-solvents have had applicable excise and GST taxes paid and the blend conforms to BIS specification 17076; defines appropriate duties of excise and relevant Central/State/UT/Integrated taxes by reference to specified statutes and exemption notifications.
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Exemption of Road and Infrastructure Cess for M-15 methanol blended petrol where excise and GST taxes are paid.
Exempts 15% methanol blended petrol (M-15) from the Road and Infrastructure Cess under section 112 of the Finance Act, 2018 where constituent motor spirit and methanol/co-solvents have had applicable excise and GST taxes paid and the blend conforms to BIS specification 17076; defines appropriate duties of excise and relevant Central/State/UT/Integrated taxes by reference to specified statutes and exemption notifications.
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