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.
Bu hikaye Mint Mumbai dergisinin December 19, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin December 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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