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of <h1>Deemed valuation for packaged pan masala and tobacco: supply value tied to declared retail sale price net GST</h1> Prescribes a deemed valuation method for specified packaged goods, overriding other valuation rules, by fixing the value of supply as the declared retail sale price (maximum price on the package) net of applicable GST for pan masala and specified tobacco and nicotine products classified under the listed tariff headings. It mandates computation of the tax component to be deducted using the formula: tax amount = (retail sale price × applicable tax rate) ÷ (100 + sum of applicable tax rates), and defines 'retail sale price' to include all taxes, duties, surcharge or cess. Where multiple retail sale prices are printed, the highest applies; where the printed price is increased at any stage, the increased price applies; and where area-wise prices are declared, the relevant area price governs valuation for supplies intended for that area.
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