Exempts 5% ethanol blended petrol for the period 1-7-2004 to 3-8-2004
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....hat was generally prevalent regarding levy of duties of excise (including non-levy thereof) namely (i) the duties of excise leviable under Section 3 of the Central Excise Act, 1944 (1 of 1944), (ii) the additional duty of excise leviable under Section 111 of the Finance (No.2) Act, 1998 (21 of 1998), and (iii) the special additional excise duty leviable under Section 147 of the Finance Act, 2002 (....
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....he said practice, shall not be required to be paid in respect of such 5% ethanol blended petrol on which said duties of excise were not being levied during the period aforesaid, in accordance with the said practice only if the appropriate duties of excise have been paid on 95% Motor spirit (commonly known as petrol) and 5% ethanol used for blending to obtain such 5% ethanol blended petrol. Explan....
TaxTMI
TaxTMI