Govt notifies Nil Excise Duty Rate for Ethanol Blended Petrol [Read Notification]

The Central Board of Indirect taxes and Customs (CBIC) has notified nil central excise duty rate for the products ethanol-blended petrol.

As per the notification of the Board published on Monday, 12% ethanol blended petrol that is a blend, - (a) consisting, by volume, of 88% motor spirit, (commonly known as petrol), on which the appropriate duties of excise have been paid and of 12% ethanol on which the appropriate central tax, State tax, Union territory tax or integrated tax, as the case may be, have been paid; and (b) conforming to the Bureau of Indian Standards specification IS 17586, will attract Nil rate.

Further, nil duty rate is applicable to 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 may be, have been paid; and (b) conforming to the Bureau of Indian Standards specification IS 17586.

To Read the full text of the Notification CLICK HERE

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