Addition in Exemption (Motor spirit, (commonly known as petrol))
NOTIFICATION NO. 62/2002-CE
DATED 31/12/2002
G.S.R. (E) - 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) the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India, in the erstwhile Ministry of Finance ( Department of Revenue), specified in column(2) of the Table hereto annexed, shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column(3) of the said Table.
Table
| S.No |
Notification No. and date |
Amendment |
| (1) |
(2) |
(3) |
| 1. |
6/2002-Central Excise, dated the 1st March, 2002 |
In the said notification , after S.No 32C and the entries relating thereto, the following shall be inserted, namely:-
| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
|
"32D |
27.10 |
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 |
Nil |
-.". | |
| 2. |
28/2002-Central Excise, dated the 13th May, 2002 |
In the said notification, in the Table, after S.No 1 and the entries relating thereto, the following shall be inserted , namely:-
| (1) |
(2) |
(3) |
|
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 of2002), read with any relevant exemption notification for the time being in force |
Nil | |
2. This notification shall remain in force upto and inclusive of the 28th day of February , 2003.
[F.No 356/5/2002-TRU]
Note : 1) The principal notification No. 6/2002-Central Excise, dated the 1st March, 2002 was published in the Gazette of India, Extraordinary vide G.S.R 127 (E) dated the 1st March, 2002, notification No. 55/2002-Central Excise, dated the 7th November , 2002 (G.S.R 752 (E) dated the 7th November, 2002, and was last amended by NTF. NO. 01/2003-CE, DT. 02/01/2003).
2) The principal notification No. 28/2002-Central Excise, dated the 13th May, 2002 was published in the Gazette of India, Extraordinary vide G.S.R 361 (E) dated the 13th May.
(Pl. refer Cir. No. 685/01/2003-CX, Dt. 02/01/2003 for Blending of Petrol with Ethanol - Excise duty exemption)
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