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Supreme Court on coconut oil
January 1 , 2025
12 days
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- The Supreme Court ruled that small bottles of coconut oil should be classified as edible oil for taxation purposes.
- Also, the court had 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 GST regime, edible oil is taxed at 5%, while hair oil attracts 18%.
- Coconut oil marketed as edible oil must comply with the Food Safety and Standards Act, 2006, and use edible-grade plastic containers.
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