Tobacco and pan masala valuation now based on declared retail sale price for packaged goods. Valuation for supplies of specified packaged goods - including pan masala and various tobacco and nicotine products - shall be based on the retail sale price declared on the package, with the maximum declared price, any subsequently increased declared price, and area specific declared prices treated as the retail sale price; definitions incorporate all taxes and adopt interpretation rules of the First Schedule to the Customs Tariff Act, 1975.
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Provisions expressly mentioned in the judgment/order text.
Tobacco and pan masala valuation now based on declared retail sale price for packaged goods.
Valuation for supplies of specified packaged goods - including pan masala and various tobacco and nicotine products - shall be based on the retail sale price declared on the package, with the maximum declared price, any subsequently increased declared price, and area specific declared prices treated as the retail sale price; definitions incorporate all taxes and adopt interpretation rules of the First Schedule to the Customs Tariff Act, 1975.
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