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Pure Coconut Oil Classified as ‘Edible Oil’ Unless marketed as ‘Hair Oil’: SC

December 28, 2024 1779 Views 0 comment Print

SC holds pure coconut oil as edible oilunder Heading 1513 unless marketed as hair oil. Judgment resolves a 15-year excise duty dispute.

Transfer Price of Goods Sold via AE Allowed Based on ‘Other Method’ Instead of CUP

December 20, 2024 678 Views 0 comment Print

ITAT Mumbai allows Transfer Pricing determination for Rallis India Ltd. using the ‘Other Method’ instead of CUP. Key points on ALP adjustments and deductions.

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