Seeks to exempt motor spirt, intended for use in 5% ethanol doped petrol, from duty as is in excess of that leviable on motor spirit sold by the manufacturer to an independent buyer

Seeks to exempt motor spirt, intended for use in 5% ethanol doped petrol, from duty as is in excess of that leviable on motor spirit sold by the manufacturer to an independent buyer https://www.taxtmi.com/notifications?id=690 Motor spirit cleared from an oil refinery or a registered warehouse and intended for use in ethanol blended petrol is exempt from excise duty to the extent that duty exceeds the amount that would have been leviable had the motor spirit been sold by the manufacturer to an unrelated buyer at arm's length, provided the blended fuel conforms to the prescribed quality specification. en-us Sat, 01 Mar 2003 00:00:00 +0530 Wed, 15 Oct 2008 15:43:00 +0530 TaxTMI RSS Generator Seeks to exempt motor spirt, intended for use in 5% ethanol doped petrol, from duty as is in excess of that leviable on motor spirit sold by the manufacturer to an independent buyer https://www.taxtmi.com/notifications?id=690 Motor spirit cleared from an oil refinery or a registered warehouse and intended for use in ethanol blended petrol is exempt from excise duty to the extent that duty exceeds the amount that would have been leviable had the motor spirit been sold by the manufacturer to an unrelated buyer at arm's length, provided the blended fuel conforms to the prescribed quality specification. Notifications Central Excise Sat, 01 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=690