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    <title>Mechanism for implementation of additional basic excise duty @Rs. 2 per litre levied on sale of unblended motor spirit (commonly known as petrol)</title>
    <link>https://www.taxtmi.com/circulars?id=65976</link>
    <description>Manufacturers/refineries clearing motor spirit as intended for retail sale after blending shall pay central excise at the blended rate at refinery stage, furnish a running bond for the differential duty to the jurisdictional Commissioner, and undertake to pay differential duty with interest. Differential duty on quantities sold unblended from depots must be paid by the sixth of the following month based on actual depot clearances, with a statutory auditor-certified quarterly reconciliation submitted by the tenth of the month for the preceding quarter; short payments are payable with interest and electronic depot records must be maintained for inspection.</description>
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    <pubDate>Mon, 31 Oct 2022 00:00:00 +0530</pubDate>
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      <title>Mechanism for implementation of additional basic excise duty @Rs. 2 per litre levied on sale of unblended motor spirit (commonly known as petrol)</title>
      <link>https://www.taxtmi.com/circulars?id=65976</link>
      <description>Manufacturers/refineries clearing motor spirit as intended for retail sale after blending shall pay central excise at the blended rate at refinery stage, furnish a running bond for the differential duty to the jurisdictional Commissioner, and undertake to pay differential duty with interest. Differential duty on quantities sold unblended from depots must be paid by the sixth of the following month based on actual depot clearances, with a statutory auditor-certified quarterly reconciliation submitted by the tenth of the month for the preceding quarter; short payments are payable with interest and electronic depot records must be maintained for inspection.</description>
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      <pubDate>Mon, 31 Oct 2022 00:00:00 +0530</pubDate>
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