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Braskem Siam and Mitr Phol Bio Fuel Sign Letter of Intent for Ethanol Supply for Upcoming Bio-Ethylene Plant in Thailand (FREE°
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New Delhi: As the Centre and state governments deliberate on rationalising the Goods and Services Tax (GST) structure, Union Minister Nitin Gadkari has suggested reducing the GST on crude ethanol from 18% to 5%, the Times of India reported citing sources. The move is aimed at encouraging the production and adoption of flex-fuel vehicles. Currently, ethanol used for blending with petrol under the Ethanol Blended Petrol (EBP) programme is taxed at…
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