Retail sale price definition affects cess rate determination for specified tariff items and tobacco products. Amendment substitutes Schedule entries to fix cess bases: tariff item 2106 90 20 is charged as a percentage of the retail sale price per unit, and Chapter ... Summary
Retail sale price definition affects cess rate determination for specified tariff items and tobacco products.
Amendment substitutes Schedule entries to fix cess bases: tariff item 2106 90 20 is charged as a percentage of the retail sale price per unit, and Chapter 24 is charged by a composite per thousand sticks plus an ad valorem component or an alternative percentage of retail sale price, subject to the Schedule cap; a new Explanation defines retail sale price, addresses multiple or altered package prices, and prescribes area specific application for cess determination.
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