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The court decided its classification depends on how it's labeled and sold. Coconut oil meeting food standards is edible oil. If it meets cosmetic standards, it's hair oil. This ruling clarifies a ...
It will be classifiable as "hair oil" if it is packaged and sold as a cosmetic."we are of the opinion that pure coconut oil sold in small quantities as 'edible oil' would... The Supreme Court has ...
Writing the judgment, Justice Kumar rejected argument of revenue dept that pure coconut oil should invariably be classified as hair oil and said, "We are of the opinion that pure coconut oil sold ...
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 ...
Goods and services tax (GST) on edible oil is set at 5% while hair oil is taxed at 18%. The court, however, clarified that if coconut oil is packaged in small bottles and labelled as hair oil, it ...
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.
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.