Remission of duty on Volatile goods u/s 70 - Specified Goods to which the provisions of that section shall apply when they are deposited in a warehouse
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Remission of duty on volatile goods under section seventy: specified fuels, spirits and gases eligible when deposited in a warehouse.
The notification specifies categories of volatile goods eligible for remission of duty when deposited in a warehouse: fuels and related liquids kept in tanks (including aviation fuel, motor spirit, kerosene, diesel variants, mineral turpentine, acetone, methanol, raw naphtha, vaporizing oil, batching oil and ethylene dichloride); wine, spirit and beer kept in casks; liquid helium gas in containers; and crude stored in caverns, superseding an earlier 1963 notification subject to savings for prior acts.