CA Bimal Jain

Exemption from Excise Duty to Ethanol produced from molasses generated from cane crushed

Vide Notification No. 32/2015-Central Excise dated June 4, 2015, the Central Government has amended the Notification No. 12/2012-Central Excise dated March 17, 2012, thereby exempting ‘Ethanol’ produced from molasses generated from cane crushed in the sugar season 2015-16 i.e. October 1, 2015 onwards, for supply to the public sector  oil marketing companies, namely, Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., or Bharat Petroleum Corporation Ltd., for the purposes of blending with petrol, has been exempted from whole of Excise duty leviable thereon under Central Excise Tariff Act.

Full Text of the Notification is as follows

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 32/2015-Central Excise

New Delhi, the Dated- 4th June, 2015

  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), the Central Government,  being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163(E), dated the 17th March, 2012, namely: –

In the said notification, in the Table, after Sl.No. 40 and the entries relating thereto, the following Sl.No. and entries shall be inserted, namely:-

(1) (2) (3) (4) (5)
“40A 2207 20 00 Ethanol produced from molasses generated from cane crushed in the sugar season 2015-16 i.e. 1st October, 2015 onwards, for supply to the public sector   oil marketing companies, namely, Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd. or Bharat Petroleum Corporation Ltd., for the purposes of blending with petrol. Nil -”.

[F. No. 354/78/2009-TRU (Pt.)]

(Pramod Kumar)
Under Secretary to the Government of India

Note.- The principal notification No. 12/2012-Central Excise, dated the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163(E), dated the 17th March, 2012 and  last amended vide notification No.31/2015-Central Excise, dated the 28th May, 2015 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 432 (E) dated the 28th May, 2015.

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(Bimal Jain, FCA, FCS, LLB, B.Com (Hons), Mobile: +91 9810604563, Email: bimaljain@hotmail.com)

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