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of <h1>Packaged pan masala and tobacco valuation tied to retail sale price minus GST, using tax extraction formula; special rules apply.</h1> For specified goods (pan masala and specified tobacco and nicotine products under the listed tariff entries), the value of supply is deemed to be the declared retail sale price on the package minus the applicable GST, overriding the general valuation provisions; this prescribes a special valuation basis that fixes taxable value by reference to packaged retail sale price. The GST component to be excluded from retail sale price is computed as (retail sale price × applicable tax rate) ÷ (100 + sum of applicable tax rates); this standardises tax extraction where price is tax-inclusive. 'Retail sale price' is the maximum packaged price inclusive of all taxes, duties, surcharge or cess; where multiple prices are declared, the highest applies; where the price is increased at any stage, the increased price applies; where different area-wise prices are declared, the relevant area price applies, thereby determining taxable value accordingly.
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