New Delhi, June 12 -- The Government on Thursday exempted Ethanol Blended Petrol (EBP) from applicable central excise duties, an official order said.
It is subjected to the condition that appropriate central excise duties have already been paid on petrol and appropriate GST on the ethanol used for blending.
EBP blends are E22, E25, E27 and E30 which contain 22,25,27 and 30pc ethanol respectively.
According to official order, the objective of this exemption is to remove the "deeming fiction" under central excise law.
Published by HT Digital Content Services with permission from United News of India....