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of <h1>Clarification on Tobacco Product Valuation for Excise and NCCD: 55% Abatement, 25.5% Duty Total, GST Unaffected.</h1> The circular addresses the valuation of tobacco products for Basic Excise Duty and National Calamity Contingent Duty (NCCD) computation. It clarifies that the assessable value for these duties is derived after a 55% abatement on the retail sale price, with excise duty and NCCD totaling 25.5% on this value. The calculation does not affect the GST, which is based on the transaction value plus duties. The circular also confirms that references to the Central Excise Tariff Act, 1985, remain valid despite its repeal, ensuring no legal issues in existing notifications. Authorities are directed to follow these guidelines for duty assessments.
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