Valuation of pan masala and tobacco products now based on declared retail sale price for GST. The amendment adds a clause prescribing valuation of specified packaged goods by reference to the retail sale price, listing pan masala and various tobacco and inhalation products by Customs Tariff classification; it defines retail sale price as the maximum declared consumer price on packages and sets rules for multiple, altered, and area-specific declared prices, and applies First Schedule interpretative rules of the Customs Tariff Act.
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Provisions expressly mentioned in the judgment/order text.
Valuation of pan masala and tobacco products now based on declared retail sale price for GST.
The amendment adds a clause prescribing valuation of specified packaged goods by reference to the retail sale price, listing pan masala and various tobacco and inhalation products by Customs Tariff classification; it defines retail sale price as the maximum declared consumer price on packages and sets rules for multiple, altered, and area-specific declared prices, and applies First Schedule interpretative rules of the Customs Tariff Act.
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