Key Points
The Centre has deferred the deadline to levy an additional 2 per litre tax on unblended diesel by one more year to April 1, 2025, according to a Central Board of Indirect Taxes and Customs (CBIC) said in a notification...
The move was in line with with government's commitment to promoting biofuels and reducing crude imports..
It has set a target to cut imports by 10% to 67% by 2025 by enhancing domestic crude production, ethanol blending and shifting focus to renewables, green hydrogen and promoting electric vehicles among others...
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