Business Economy


Govt exempts Ethanol Blended Petrol (EBP) from central excise duties

New Delhi, Jun 11 (UNI) 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.
The exemption has been provided on same lines as already existing for EBP blends like E5,E10,E20 etc. There is no change in central excise duty rate on petrol for domestic consumption.
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