GOODS, THE SALES OR PURCHASE OF WHICH IS SUBJECT TO TAX AND THE RATE OF TAX
|
S.no. (1) |
Description of goods (2) |
Rates of Tax (3) |
|
1. |
High speed diesel oil |
Twenty-four paise in the rupee |
|
2. |
Aviation Gasoline (Duty paid) |
Thirteen paise in the rupee |
|
3. |
Aviation Gasoline (Bonded) |
Twenty-six paise in the rupee |
|
4. |
Aviation turbine fuel (Duty paid) |
Thirty paise in the rupee |
|
5. |
Aviation turbine fuel (Bonded) |
Thirty-eight paise in the rupee |
|
6. |
Any other kind of motor spirit excluding natural gas and liquefied petroleum gas |
Twenty-six paise in the rupee |
Explanation.-- For the purpose of this Schedule,--
(a) “motor spirit” means,-
(i) any inflammable hydro-carbon (including any mixture of hydro-carbons or any liquid containing hydrocarbons) which is capable of being used for providing reasonable efficient motive power for any form of motor vehicle or vessel of any kind of aircraft; and
(ii) power alcohol, that is, ethyl alcohol of any grade (including such alcohol when denatured or otherwise treated), which is either by itself or in admixture with any such hydro-carbon, is capable of being used as aforesaid but does not include such form of inflammable hydrocarbon materials as the State Government may, by notification in the Official Gazette, specify in this behalf;
(b) the rate of tax in column 3 indicates that the tax on goods to which entry relates shall be charged on the basis of sale price of the respective goods.”.