Excise duty on petrol with ethanol reduced to zero: Now there will be no tax on 22% to 30% mixture, government is preparing to reduce crude oil import.
The Central Government has also reduced the excise duty on ethanol blended petrol of level above E20 (20% ethanol blending) to zero. It has been said in the government notification that no excise duty will be imposed on petrol with 22% to 30% ethanol mix. The Central Government has taken a big step to reduce…