The Ministry of Finance (MoF) on September 30, 2022 has issued amendments to Notification No. 11/2017-Central Excise, dated June 30, 2017. Which states “Rate of Petrol and Diesel”
The following has been amended namely: -
• Against Motor Spirit/Petrol the following Proviso has been inserted namely: -
“Provided that, with effect from the 1st day of November, 2022, nothing contained in this Sl. No. shall apply to motor spirit, commonly known as petrol, which is intended for retail sale to consumers, not so blended with ethanol or methanol as conforming to Bureau of Indian Standards specifications from time to time for blended motor spirit.
• After Motor Spirit/Petrol in Sl. No. 2 the following Sl. No. 2A has been inserted namely: -
“Motor spirit commonly known as petrol which is intended for retail sale, not so blended with ethanol or methanol as conforming to Bureau of Indian Standards specifications from time to time for blended motor spirit without a brand name or with a brand name.”
• After Sl. No. 3 which states “High speed diesel” the following Sl. No. 3A has been inserted namely: -
“High speed diesel (HSD) intended for retail sale, not so blended with alkyl esters of long chain fatty acids obtained from vegetable oils, commonly known as bio-diesels as conforming to Bureau of Indian Standards specifications from time to time for blended diesel-without a brand name or with a brand name.”
[Notification No. 31/2022-Central Excise]
