Govt to provide excise concession on 12% and 15% ethanol blended petrol
4Excise concession will also be provided for high speed diesel blended with 20% bio diesel
Excise duty will have to pay only on 88% and 85% petrol
5% GST will be levied on 12% and 15% ethanol
Tax treatment on final product will be NIL
Finance ministry issues New notification
With new notifications Finance ministry adds E12 and E15 blended Petrol with E10 catagory
It may help Govt to achieve 20% ethanol blending target by 2025
#exciseduty #ethanol #petrol
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