Excise duty exemption for ethanol-blended petrol where specified ethanol blend meets BIS 2796; excess duty relieved. Petrol cleared from an oil refinery or registered warehouse for use in a specified low percentage ethanol blended petrol meeting BIS specification 2796 is exempted from excise duty to the extent that the duty exceeds the amount that would have been leviable if sold by the manufacturer to an unrelated buyer at the time nearest to removal with price as sole consideration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excise duty exemption for ethanol-blended petrol where specified ethanol blend meets BIS 2796; excess duty relieved.
Petrol cleared from an oil refinery or registered warehouse for use in a specified low percentage ethanol blended petrol meeting BIS specification 2796 is exempted from excise duty to the extent that the duty exceeds the amount that would have been leviable if sold by the manufacturer to an unrelated buyer at the time nearest to removal with price as sole consideration.
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