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<h1>Valuation of specified tobacco, nicotine and pan masala products on declared retail sale price; amendment prescribes inclusive RSP valuation effective February.</h1> Amendment adds specified tobacco, nicotine and pan masala goods to the list of supplies valuated on the retail sale price declared on packaged goods, making declared maximum package price inclusive of all taxes, duties, surcharge or cess the basis for valuation and treating the maximum where multiple prices appear as decisive. Altered declared prices and area-specific declared retail prices are respectively treated as the retail sale price for valuation. Interpretation of tariff headings, sub-headings and chapter notes shall follow the First Schedule to the Customs Tariff Act for classification. The amendment takes effect from 1 February 2026.