Seeks to amend Notification No. 49/2023-Central Tax, dated the 29th September, 2023 - Special valuation / RSP-based valuation for pan masala and tobacco from 2026 - 19/2025 - Central GST (CGST)
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Pan masala and tobacco supplies will be valued based on declared retail sale price for GST valuation. Introduces RSP-based valuation for specified pan masala and tobacco tariff items, treating the maximum declared packaged price as the retail sale price for valuation; where multiple, altered, or area-specific RSPs exist the relevant maximum or area-specific RSP applies. Tariff terms and interpretation rules of the First Schedule to the Customs Tariff Act apply to this clause.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pan masala and tobacco supplies will be valued based on declared retail sale price for GST valuation.
Introduces RSP-based valuation for specified pan masala and tobacco tariff items, treating the maximum declared packaged price as the retail sale price for valuation; where multiple, altered, or area-specific RSPs exist the relevant maximum or area-specific RSP applies. Tariff terms and interpretation rules of the First Schedule to the Customs Tariff Act apply to this clause.
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