Retail sale price rule change: package-level maximum governs and area-specific prices determine excise valuation. Where more than one retail sale price appears on a package, the maximum retail sale price on that package is to be treated as the retail sale price; where different retail sale prices are declared on packages for sale in different areas, each declared price applies for valuation of goods intended to be sold in that area. Consequently, the Board has omitted the prior note in the prescribed declaration proforma and assessees may file fresh declarations consistent with the revised treatment.
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Retail sale price rule change: package-level maximum governs and area-specific prices determine excise valuation.
Where more than one retail sale price appears on a package, the maximum retail sale price on that package is to be treated as the retail sale price; where different retail sale prices are declared on packages for sale in different areas, each declared price applies for valuation of goods intended to be sold in that area. Consequently, the Board has omitted the prior note in the prescribed declaration proforma and assessees may file fresh declarations consistent with the revised treatment.
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