The notification sets nil duty on petrol and ₹18.5 per litre on diesel under special excise. It applies only to exports with specific exclusions for PSU oil company exports.
Notification No. 05/2026-Central Excise reduces Special Additional Excise Duty on petrol and diesel for domestic consumption; exports excluded.
The amendment introduces a system where assets from foreign contributions vest in a designated authority upon cancellation or cessation of registration. This ensures better control and prevents misuse of foreign-funded assets.
The CCPA held that charging LPG or fuel surcharges separately is an unfair trade practice. Such costs must be included in menu prices, and separate recovery from consumers is not permitted.
The notification grants tax exemption to a statutory authority as it does not engage in commercial activities. It highlights that compliance with conditions is essential to retain exemption.
The authority received exemption as it qualifies as a statutory body under the law. The ruling highlights that statutory status is key for tax benefits.
The government granted tax exemption after recognizing the authority’s statutory foundation. The key takeaway is that legally constituted bodies can qualify for exemption under Section 10(46A).
The notification recognizes a statutory development authority as eligible for tax exemption under Section 10(46A). The key takeaway is that entities fulfilling public utility functions can secure exemption if properly notified.
The amendment updates labelling requirements, including exemptions and clearer definitions for food products. It enhances traceability while easing compliance for certain categories.
Maharashtra Government has extended the time limit to file appeals before the Appellate Tribunal for orders communicated before April 1, 2026. The notification ensures taxpayers get a one-time relief window while maintaining standard timelines for new cases.
