Ltd. before the Supreme Court of India, which dismissed the Special Leave Petition (SLP) filed by the Karnataka VAT Department challenging the Karnataka High Court’s decision granting VAT exemption on processed White Oats (Quaker Oats) for the relevant assessment years. PepsiCo India claimed the benefit of exemption on oats manufactured and sold by them under the brand-name ‘Quaker Oats’ post issuance of the Circular. Subsequently, the VAT Department issued another Circular in January 2010, clarifying that the exemption will not be available to processed White Oats. The VAT Department filed an SLP before the Hon’ble Supreme Court challenging the decision of the Hon’ble Karnataka High Court. The Hon’ble Supreme Court dismissed the SLP filed by the VAT Department since the fact that a subsequent circular was issued to clarify that exemption is not available to Processed White Oats shows that the Circular issued in June 2006 granted the exemption to Processed White Oats.