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NTF. NO. 05/2021-CE, DT. 01/02/2021

Seeks to exempt M-15 fuel from Road and Infrastructure Cess.

 

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 withsection 112 of the Finance Act, 2018(13of 2018), the Central Governmentbeing satisfied that it is necessary in the public interest so to do, hereby exempts 15% methanolblended petrol that is a blend, -

(a) consistingof motor spirit (commonly known as petrol), on which the appropriate duties of excise have been paid andof methanolandco-solventson which the appropriate Central tax,State tax, Union territory tax or Integrated tax, as the case may be, have been paid; and

(b) conforming to the Bureau of Indian Standards specification 17076, from the whole of theadditionalduty of excise (Road and Infrastructure Cess) leviable thereonunder the aforesaid sectionof the Finance Act, 2018.

Explanation. -For the purposes of this notification, -

(a) appropriate duties of exciseshall mean the duties of excise as leviable under the Fourth Schedule to the Central Excise Act, 1944 (1 of 1944), the additional duty of excise leviable under section 112 of the Finance Act, 2018 (13 of 2018), the special additional excise duty leviable under section 147 of the Finance Act, 2002 (20 of 2002)and the additional duty of excise (Agriculture Infrastructure and Development Cess) leviable under clause 116of the Finance Bill, 2021 (15of 2021), which, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931)has the force of law, read with any relevant exemption notification for the time being in force; and

(b) appropriate Central tax, State tax, Union territory tax and Integrated taxshall mean the Central tax, State tax, Union territory tax and Integrated tax as leviable under the Central Goods and Services Tax Act, 2017 (12 of 2017), the State Goods and Services Tax Act of the State concerned, the Union Territory Goods and Services Tax Act, 2017(14 of 2017) and the Integrated Goods and Services Tax Act, 2017(13 of 2017).

2.This notification shall come into force onthe 2ndFebruary, 2021.

[F. No. 334/--/2021-TRU]
 

(Rajeev Ranjan)
Under Secretary to the Government of India

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