The Supreme Court settled a 20-year-old excise duty debate, deciding that pure coconut oil's classification depends on its branding. If labeled and regulated as edible oil, it falls under that ...

The Supreme Court settled a 15-year tax dispute. Coconut oil in small packs is edible oil. This applies unless it is specifically labeled and sold as hair oil. The ruling affects brands like ...

The government on Thursday approved separate proposals for procuring 11mn litres of edible oil ... the state-run Trading Corporation of Bangladesh (TCB) would procure 11mn litres of soybean oil under ...

It also noted that coconut oil was clearly identified as edible oil under the First Schedule to the Central Excise Tariff Act, 1985, and also in perfect alignment with the corresponding entries in ...

Supreme Court on December 18, in its judgment for a 15-year old dispute, said that coconut oil in small packets can be classified as edible oil. The order will help remove ambiguity over whether ...

Just like KitKat is a biscuit, vicks is a medicine, Parachute coconut oil is edible oil. The ambiguity is lot of our everyday necessities is making it difficult for the government to fix the tax.

A three-member bench of the Supreme Court (SC) has ruled that pure coconut oil sold in small quantities, ranging from 5 ml to 2 litres, should be classified as ‘edible oil’ under the Central ...