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Core Purpose

Amendment of the Fourth Schedule to the Central Excise Act, 1944 to insert a new tariff entry for Blended Aviation Turbine Fuel.

Detailed Summary

The Ministry of Finance, Department of Revenue, vide Notification No. 26/2024-Central Excise, G.S.R. 664(E) dated 24th October 2024, exercises powers under section 3C of the Central Excise Act, 1944 (1 of 1944) to amend the Fourth Schedule to the Act. Under the 'Mineral Products' heading in Chapter 27, the Supplementary Notes are substituted to clarify that references to Bureau of Indian Standards specifications mean the latest published version (illustrated by IS 1459 referring to IS 1459:2018), and to define 'Blended Aviation turbine fuel' under tariff item 2710 19 33 as aviation turbine fuel containing 70% or more petroleum oils or bituminous mineral oils blended with synthesized hydrocarbons conforming to IS 17081:2019. A new table entry for tariff item 2710 19 33 'Blended Aviation turbine fuel' is inserted with a duty rate of 14%, effective from the date of publication in the Official Gazette. The notification is signed by Rajesh Kumar Meena, Under Secretary, under F. No. CBIC-110267/42/2024-CX-VIII SECTION-CBEC.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-24102024-258219 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 606] NEW DELHI, THURSDAY, OCTOBER 24, 2024/KARTIKA 2, 1946 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 24th October, 2024 No. 26/2024-Central Excise G.S.R. 664(E).— In exercise of the powers conferred by section 3C of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the Fourth Schedule to the said Act, namely:- In the said Act, in the Fourth Schedule, under the heading “MINERAL PRODUCTS”, in Chapter 27,- (i) 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;'; (ii) in the table, under the sub-heading 2710 19, after tariff item 2710 19 32 and the entries relating thereto, the following shall be inserted, namely:— +-------------+-----------------------------+------+--------+ | "2710 19 33 | Blended Aviation turbine fuel | kg. | 14%". | +-------------+-----------------------------+------+--------+ 2. This notification shall come into force on the date of its publication in the Official Gazette. [F. No. CBIC-110267/42/2024-CX-VIII SECTION-CBEC] RAJESH KUMAR MEENA, Under Secy.

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