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Budget 2021-22 + FINANCE Bill, 2021
EXEMPTIONS FOR M-15, E-20 AND OTHER BLENDED FUELS
S. No. | Amendment to central excise notifications |
1. | Exemptions from cesses and surcharges on the lines of other blended fuels (like E- 5 and E-10) if these blended fuels are made of duty paid inputs |
Full Text:
Exemptions for blended fuels: cesses and surcharges waived for M-15 and E-20 where inputs are duty paid. Exemptions align excise cesses and surcharges for M-15 and E-20 with existing treatment for lower blends, provided the blended fuels are produced from duty-paid inputs; amendments to central excise notifications extend tax relief to higher-percentage blends on the same eligibility condition tied to the duty status of upstream inputs. of Press 'Enter' after typing page number.
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