Excise exemption for motor spirit used in ethanol blended petrol: duty limited to excess over standard valuation. Exemption from excise duty is provided for Motor Spirit intended for use in ethanol blended petrol when manufactured in or cleared from an oil refinery or a registered warehouse and conforming to Bureau of Indian Standards specification 2796; the exemption applies only to the extent of duty in excess of the duty leviable if the goods were valued as sold by the manufacturer to an unrelated buyer at or nearest the time of removal where price is the sole consideration.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for motor spirit used in ethanol blended petrol: duty limited to excess over standard valuation.
Exemption from excise duty is provided for Motor Spirit intended for use in ethanol blended petrol when manufactured in or cleared from an oil refinery or a registered warehouse and conforming to Bureau of Indian Standards specification 2796; the exemption applies only to the extent of duty in excess of the duty leviable if the goods were valued as sold by the manufacturer to an unrelated buyer at or nearest the time of removal where price is the sole consideration.
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