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<h1>Coconut, palm kernel, and babassu oils taxed at 5% IGST or 2.5% CGST & SGST/UTGST each.</h1> Goods such as coconut (copra), palm kernel, or babassu oil and their fractions, whether refined or not but not chemically modified, are subject to a tax rate of either 5% under IGST or a combined rate of 2.5% CGST and 2.5% SGST/UTGST.