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of <h1>Excise Duty Changes: Ethanol-Blended Petrol and Bio-Diesel Adjustments in Notification No. 12/2022-Central Excise.</h1> The Ministry of Finance, Department of Revenue, has issued Notification No. 12/2022-Central Excise, amending Notification No. 11/2017-Central Excise. This amendment introduces new entries for ethanol-blended petrol, specifying excise duty exemptions for 12% and 15% ethanol blends, provided they meet Bureau of Indian Standards specification IS 17586. Additionally, it revises the description for high-speed diesel oil blended with bio-diesel, allowing up to 20% bio-diesel content, with appropriate excise duties and taxes paid. These changes aim to adjust the effective rate of excise duty on these fuel blends.
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