Ethanol blended petrol exemption: fuel meeting specified motor spirit and ethanol composition and BIS standards exempted from central excise duty. Amendment inserts an exemption for ethanol blended petrol that conforms to Bureau of Indian Standards specification 2796, explaining that 'appropriate duties of excise' means duties under the First and Second Schedules to the Central Excise Tariff Act and specified additional and special additional duties, read with any relevant exemption notification; the duty rate for the specified ethanol blended petrol is set to Nil.
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Ethanol blended petrol exemption: fuel meeting specified motor spirit and ethanol composition and BIS standards exempted from central excise duty.
Amendment inserts an exemption for ethanol blended petrol that conforms to Bureau of Indian Standards specification 2796, explaining that "appropriate duties of excise" means duties under the First and Second Schedules to the Central Excise Tariff Act and specified additional and special additional duties, read with any relevant exemption notification; the duty rate for the specified ethanol blended petrol is set to Nil.
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