India drops excise tax for ethanol used for blending in 2015/16

In India, the cabinet committee on economic affairs has approved a number of measures to help support the flailing sugar industry including waiving the excise duty of all ethanol that will be used to supply the domestic blending mandate of 10% beginning in October. With the floor price for ethanol fixed, inclusive of taxes, the waiving of excise taxes is meant to ensure that more money per liter reaches the actual mills.