Seeks to exempt Agriculture Infrastructure and Development Cess on blended fuels.

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....ing within the Chapter, heading or sub-heading or tariff item of the Fourth Schedule to the Excise Act, as specified in the corresponding entry in column (2) of the said Table, from so much of the additional duty of excise (Agriculture Infrastructure and Development Cess) leviable thereon under the 2[aforesaid section 125 of the Finance Act, 2021 (13 of 2021)], as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table: Table S. No. Chapter or heading or sub-heading or tariff item Description of goods Rate (1) (2) (3) (4) 1. 2710 5% ethanol blended petrol that is a blend, - (i) consisting, by volume, of 95% motor spirit, (commonly known as petrol), on whi....

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.... of Indian Standards specification IS 17586. Nil 3B 2710 12 44 15% ethanol blended petrol that is a blend, - (a) consisting, by volume, of 85% motor spirit, (commonly known as petrol), on which the appropriate duties of excise have been paid and of 15% ethanol on which the appropriate Central tax, State tax, Union territory tax or Integrated tax, as the case maybe, have been paid; and (b) conforming to the Bureau of Indian Standards specification IS 17586. Nil] 4. 2710 12 49 15% methanol blended petrol that is a blend,- (i) consisting of motor spirit (commonly known as petrol), on which the appropriate duties of excise have been paid and of methanol and co-solvents on which the appropriate Central tax, State tax, Union ter....