| Date: |
13-05-2002
|
| Notification No: |
Central Excise Notification No 28/2002
|
| Issuing Authority: |
Central Excise
|
| Type: |
Tariff
|
| File No: |
|
| Subject: |
Exemption to Motor Spirit and High Speed Diesel Oil
|
Exemption to Motor Spirit and High Speed Diesel Oil
Central
Excise Notification No. 28 dated 13th May 2002 (As
amended by Notification No. 62 dated 31st December
2002, Notification No. 28 dated 13th May 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 147 of the Finance
Act, 2002 (20 of 2002), and in supersession of the notification of the
Government of India in the Ministry of Finance (Department of Revenue) No. 19/
2002-Central Excise, dated the 1st March, 2002 [G.S.R 140(E), dated
the 1st March, 2002], the Central Government, being satisfied that
it is necessary in the public interest so to do, hereby exempts goods falling
within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)
and specified in column(2) of the Table hereto annexed , from so much of the
special additional excise duty leviable thereon under sub-section(1) of section
147 of the said Finance Act, as is in excess of the amount indicated in the
corresponding entry in column (3) of the said Table, namely: -
|
S. No
|
Description of goods
|
Rate
|
|
(1)
|
(2)
|
(3)
|
|
1.
|
Motor spirit, commonly known as petrol
|
Rupees six per litre
|
|
1A.
|
Motor spirit, (commonly known as petrol) when intended for
use in 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 subject to following the procedure laid down in the Central Excise
(Removal of Goods) at Concessional Rate of Duty for Manufacture of Excisable
Goods Rules, 2001.
|
Five rupees and seventy paise per litre
|
|
1B.
|
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.
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 of 2002),
read with any relevant exemption notification for the time being in force.
|
Nil
|
|
2.
|
High
speed diesel oil
|
Nil
|
|
|
|