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Revised excise duty rates on blended aviation fuel: 2% for regional flights & 11% others.
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....This notification amends the Central Excise notification No. 11/2017 to align it with the amended Fourth Schedule of the Central Excise Act, 1944. It inserts two new entries in the table, levying 2% excise duty on blended aviation turbine fuel drawn by selected airline or cargo operators for regional connectivity scheme flights from UDAN airports, and 11% duty on other blended aviation turbine fuel. The amendment comes into force from 29th October, 2024.....