SC upholds classification of pure coconut oil as edible oil in Marico case, ET LegalWorld
Highlights The Supreme Court of India has upheld the classification of pure coconut oil as edible oil for levy of duty, dismissing the appeal filed by the Commissioner of Central Excise against Marico Limited and its job workers. The Commissioner of Central Excise had originally classified pure coconut oil under the category of hair oil, […]
Delhi High Court quashes ‘Fraud’ classification of borrower, citing lack of due process, ET LegalWorld
The Delhi High Court has held that the classification of a borrower’s account as “fraud” has serious consequences since such classification would prevent the borrower from accessing institutional finance for running their business. The court observed that there is no gainsaying that the civil consequences jeopardize the future of the business of the borrower, and […]