NO EXCISE DUTY ON ETHANOL BLENDED PETROL: THE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS (CBIC) The Central Board of Indirect Taxes and Customs (CBIC) has notified that no excise duty is leviable on ethanol blended petrol. The government is empowered under sub-section (1) of Section 5A of the Central Excise Act, 1944, amended the notification No. 11/2017- Central Excise, and dated on 30th June, 2017. Excise Duty is not payable on 12% ethanol blended petrol that is blended conforming to the Bureau of Indian Standards specification IS 17586. Reddy & amp; Reddy also advices on foreign investments policies and compliances, but also on investment schemes abroad by Indian Companies and individuals.