Seeks to exempt high speed diesel oil blended with alkyl esters of long chain fatty acids obtained from vegetables oils, commonly known as bio - diesels, up to 20% by volume, that is, a blend, consisting 80% or more of high speed diesel oil from the addition al duty of excise (road and infrastructure cess) levied under clause 110 of the Finance Bill 2018

Seeks to exempt high speed diesel oil blended with alkyl esters of long chain fatty acids obtained from vegetables oils, commonly known as bio - diesels, up to 20% by volume, that is, a blend, consisting 80% or more of high speed diesel oil from the addition al duty of excise (road and infrastructure cess) levied under clause 110 of the Finance Bill 2018 https://www.taxtmi.com/notifications?id=124054 The notification exempts high speed diesel blended with biodiesel up to twenty percent by volume (blends of eighty percent or more high speed diesel) from the whole of the additional duty of excise (Road and Infrastructure Cess) under the Finance Act, 2018, provided appropriate duties of excise on the diesel component and appropriate central/State/Union territory/integrated taxes on the biodiesel component have been paid, and it defines the meaning of those appropriate duties and taxes by reference to existing excise and GST enactments and relevant exemption notifications. en-us Fri, 02 Feb 2018 00:00:00 +0530 Mon, 12 Apr 2021 17:25:00 +0530 TaxTMI RSS Generator Seeks to exempt high speed diesel oil blended with alkyl esters of long chain fatty acids obtained from vegetables oils, commonly known as bio - diesels, up to 20% by volume, that is, a blend, consisting 80% or more of high speed diesel oil from the addition al duty of excise (road and infrastructure cess) levied under clause 110 of the Finance Bill 2018 https://www.taxtmi.com/notifications?id=124054 The notification exempts high speed diesel blended with biodiesel up to twenty percent by volume (blends of eighty percent or more high speed diesel) from the whole of the additional duty of excise (Road and Infrastructure Cess) under the Finance Act, 2018, provided appropriate duties of excise on the diesel component and appropriate central/State/Union territory/integrated taxes on the biodiesel component have been paid, and it defines the meaning of those appropriate duties and taxes by reference to existing excise and GST enactments and relevant exemption notifications. Notifications Central Excise Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=124054