However, the court clarified that if coconut oil is packaged in small bottles and labelled for use on hair, it should be classified as hair oil under the Central Excise Tariff Act, 1985.
Currently, under the goods and services tax regime, edible oil is taxed at 5%, while hair oil attracts an 18% levy.
This decision came as a relief to both manufacturers and consumers, preventing potential price hikes and maintaining access to essential products like edible coconut oil.
Denne historien er fra December 19, 2024-utgaven av Mint Mumbai.
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Denne historien er fra December 19, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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