The Central Board of Indirect Taxes and Customs (CBIC) has notified the exemption of ethanol blended petrol from the levy of Basic Excise Duty, Special additional Excise Duty, Road and Infrastructure Cess (RIC) and Agriculture Infrastructure Development Cess (AIDC).
As per a notification issued on Tuesday, the exemption is available to 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 maybe, have been paid; and (b) conforming to the Bureau of Indian Standards specification IS 17586.
The notification also 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 maybe, have been paid.
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