Excise exemption for ethanol-blended petrol: concessional excise treatment subject to BIS specification and procedural compliance. Amendments modify Central Excise notifications to provide concessional treatment for specified ethanol-blended petrol meeting BIS specification 2796, treating constituent motor spirit and ethanol as having appropriate excise duties paid and listing nil liability for the blended petrol entry; they also prescribe a concessional duty for motor spirit when removed for use in the blend subject to the concessional removal rules, and substitute nil duty entries and extended expiry dates in related notifications to continue the temporary exemption framework.
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Excise exemption for ethanol-blended petrol: concessional excise treatment subject to BIS specification and procedural compliance.
Amendments modify Central Excise notifications to provide concessional treatment for specified ethanol-blended petrol meeting BIS specification 2796, treating constituent motor spirit and ethanol as having appropriate excise duties paid and listing nil liability for the blended petrol entry; they also prescribe a concessional duty for motor spirit when removed for use in the blend subject to the concessional removal rules, and substitute nil duty entries and extended expiry dates in related notifications to continue the temporary exemption framework.
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