Applicability of VAT. Milk cream cannot be classified as milk
It took nearly nine years for a High Court to arrive at the conclusion that ‘milk cream’ is not ‘milk’ and, hence, will not be exempted from Value Added Tax (VAT). “We are of the opinion that in the instant case also, a scientific or technical meaning of the term ‘milk cream’, as is sought […]
Changing Bio Debuts Microbial Dairy: No Need for Pastures’
Changing Bio has debuted its novel microbial protein-based cream and cheese made from yeast. The products were launched at the 25th China International Bakery Exhibition, the world’s largest professional exhibition for the bakery food and sugar products industry. The news follows the company’s $22 million Series A funding round last year — the largest in […]
