The Ministry of Finance (MoF) on October 24, 2024, issued an Amendment in Fourth Schedule to Central Excise Act, 1944.
The following amendment has been stated:
• In the Fourth Schedule, which states “General rules for the interpretation of this Schedule”, under the heading “MINERAL PRODUCTS”, in Chapter 27:
o For the Supplementary Notes, the following Supplementary Notes shall be substituted, namely:
„Supplementary Notes:
1. In this Chapter, reference to any standard of the Bureau of Indian Standards refers to the last published version of that standard.
Illustration: IS 1459 refers to IS 1459: 2018 and not to IS 1459: 1974.
2. For the purposes of tariff item 2710 19 33, the term “Blended Aviation turbine fuel” means any Aviation turbine fuel containing by weight 70% or more of Petroleum Oils or Oils obtained from Bituminous Minerals, blended with Synthesized Hydrocarbons conforming to Indian Standards Specification of Bureau of Indian Standards IS 17081:2019.
This notification will come into force from October 24, 2024.
[Notification No 26/2024-Central Excise]
