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 dispute, classifying small-packaged coconut oil as edible oil with a lower 5% GST, unlike the 18% levied on hair oil. This benefits FMCG companies and consumers.

This will lso benefit farmers also as they will cultivate demand-driven crops and help the country move towards self-sufficiency in edible oil. The survey launched on January 9 will close on ...

The Supreme Court has held that pure coconut oil, packaged and sold in small quantities ranging from 5 ml to 2 litres, would be classifiable as 'Edible oil' for the purposes of the Central Excise ...

The pricing difference of edible oil between India and some foreign countries makes importing edible oil lucrative for many traders and merchants. Since edible oil is considered a food product, the ...

Thursday January 16, 2025 - The new restrictions 'roughly triple the number of directly sanctioned Russian crude oil tankers, enough to affect around 900,000 barrels per day', analysts at Standard ...

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1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.88 USD 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0.23 USD 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 579.49 USD 1 ...

The Supreme Court resolved a long debate on coconut oil. The court decided its classification depends on how it's labeled and sold. Coconut oil meeting food standards is edible oil. If it meets ...

The apex court has now reasoned that the mere fact that coconut oil is also capable of being used as a cosmetic or toiletry item is not sufficient to exclude it from ...

Is coconut oil an edible oil or a hair care product for the purposes of taxation? After the judiciary at several levels pondered this question for more than 15 years, the top court has made its ...