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Exemption to Motor spirit Manufactured in and cleared from an Oil
Refinery or Cleared from a Registered Warehouse, Intended for Use in Ethanol
Blended Petrol
Central
Excise Notification No. 14 dated 1st March 2003
In
exercise of the powers conferred by sub-section (1) of section 5A of the Central
Excise Act, 1944 (1of 1944), the Central Government hereby exempts Motor spirit
(commonly known as petrol) (hereinafter referred to as said goods), falling
under Chapter heading 27.10 of the First Schedule and the Second Schedule to the
Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as said
Schedules), manufactured in and cleared from an oil refinery or cleared from a
registered warehouse, intended for use in ethanol blended petrol, that is, a
blend,
a)
consisting, by volume, of 95% Motor spirit, (commonly known as petrol)
and of 5% ethanol; and
b)
conforming to Bureau of Indian Standards specification 2796
from
so much of the duty of excise leviable thereon under the said Schedules, as is
in excess of the duty that would have been leviable on such goods under the said
Schedules, if sold by the manufacturer for delivery at the time of removal of
such goods or at any other time nearest to the removal of such goods, where the
manufacturer and the buyer are not related and the price is the sole
consideration.
2.
This notification shall remain in force upto and inclusive of the 29th
day of February 2004.
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