|
Exempts 5% Ethanol Blended Petrol
Central
Excise Notification No. 63 dated 31st December 2002
In
exercise of the powers conferred by sub-section (1) of section 5A of the Central
Excise Act, 1944(1 of 1944), read with sub-section (3) of section 111 of the
Finance (No 2) Act, 1998 (21 of 1998) the Central Government, being satisfied
that it is necessary in the public interest so to do, hereby exempts 5% ethanol
blended petrol that is a blend, -
a)
Consisting, by volume, of 95% Motor spirit, (commonly known as petrol),
on which the appropriate duties of excise have been paid and, of 5% ethanol on
which the appropriate duties of excise have been paid, and
b)
Conforming to Bureau of Indian Standards specification 2796, from the
whole of the additional duty of excise leviable thereon.
Explanation:
For the purposes of this exemption �appropriate duties of excise� shall
mean the duties of excise leviable under the First Schedule and Second
Schedule to the Central Excise Tariff Act, 1985 (1 of 1986), the additional
duty of excise leviable under the Finance (No.2) Act, 1998 (21 of 1998) and
the special additional excise duty leviable under section 147 of the Finance
Act, 2002 (20 of2002), read with any relevant exemption notification for the
time being in force
2.
This notification shall remain in force upto and inclusive of the 28th
day of February 2003.
|